Over the last five years, you have probably heard about a phenomenon in the world of family law that has been gaining steam. It is called "grey divorce" and it refers to the notion that older couples are getting divorced more and more frequently. A grey divorce is when two spouses are aged 50 or older and they decide to get a divorce.
As you can probably imagine, a grey divorce presents some unique challenges for the splitting spouses. Since they are older, it is more likely that they have more assets and wealth to divide and separate during the divorce process than a younger couple. They may also have assets that many spouses wouldn't even have to consider in their divorce.