In recent years, the number of people over the age of 50 who decided to end their marriages inflated dramatically. Both here in British Columbia and elsewhere across Canada, so-called “grey divorce” has become a commonplace occurrence in family courts. However, grey divorce brings with it considerable unique challenges for both spouses, which is why the support of savvy divorce attorneys can be so valuable to everyone involved.
In most cases, child custody and support do not factor into a grey divorce; many grey divorcees have adult children who have long since left the marital home. However, other challenges do arise, particularly in the case of a spouse (traditionally, a woman) who may have been out of the work force for years or even decades. They face the challenge of living off divided marital assets or else trying to re-enter the job market before retirement age.
Securing appropriate professional support is key for anyone going through a divorce proceeding. A financial adviser can help to plan out a new single-income budget or work with accrued retirement assets to determine what the financial landscape of a spouse’s single life will look like. Certain financial planners even specialize in divorce, so their services are particularly welcome.
Additionally, of course, a family law attorney is a key figure in handling a grey divorce. Here in British Columbia, many options exist for both spouses to seek support and representation in the legal sense. With the help of such an experienced professional, the road to a successful and financially stable divorce is smoothed considerably.