There is still a 50% chance of divorce in America, but it’s not the Millennials that are causing the high divorce rate.
This past Friday, I had the to opportunity to attend a seminar with Attorneys Adolph and Aspenson. I always enjoy expanding my knowledge of family law and being able to better assist Attorney Adolph in her family law cases. The attorneys at Adolph Legal take their continuing education seriously and choose seminars that will best assist their clients. One of the sections of the seminar discussed changes in family law, important updates, and hot tips on how to better serve our clients.
There was a discussion on the increase of divorce among the Baby Boomer Generation. While divorce rates among Millennials are actually on the decrease, the divorce rates for the Baby Boomer Generation have doubled between 1990 and 2012. (https://www.bloomberg.com/news/articles/2016-06-17/boomers-are-making-sure-the-divorces-keep-coming)
There is speculation that the younger generation is more cautious to marry and more couples are opting to reside together without marrying. As for the older generation, it appears that rate of divorce has increased as women have become more independent. The average life span has increased, which means there is more life for couples to live. I imagine the thought would be “Why spend another twenty years unhappy?”
There is a unique set of considerations that need to be taken into account for Baby Boomer divorces, such as retirement or disability. One or both parties may be looking to retire within five years of their divorce. The division of marital assets and debts becomes much different when it is known that incomes are going to drastically change in the near future. For younger generations, many couples have twenty working years left before retirement to “catch up” after a divorce. The Baby Boomer generation does not have this luxury.
The attorneys at Adolph Legal have taken the extra steps to learn what challenges are facing the older generations in divorce and how to better prepare people for a successful future after divorce. Please contact Adolph Legal at (920) 634-2212 to schedule a free telephone consultation with one of our attorneys. Let Adolph Legal help you prepare for a secure and happy future.