When a Virginia couple decides to move forward with the end of a marriage, the financial aspects may be as concerning as the emotional upheaval comes to the forefront. It can be difficult to divorce at any age, but if it is an older couple, the various issues will stack on top of one another and have the propensity to leave the participants overwhelmed. However, keeping an eye on financial factors and property division can save a significant amount of pain later on.
More and more older people are ending their marriages. The rate of divorce for people 50 and older doubled in the two decades between 1990 and 2010. Approximately 25 percent of divorces are occurring in this age group. The numbers have remained the same since this study's range of years concluded. People who are older and divorce must take retirement plans in finances into account. A divorce between older people is not dissimilar to a divorce of someone younger, but the limited amount of time older people have to work, and the difficulty in navigating assets and adult offspring can make this harder.