In South Dakota and across the country, millennials are getting married later in life and are subsequently getting divorced at lower rates than those in older age groups. If you're age 50 or beyond, you may be one of many spouses who are considering or have taken steps to file for divorce in a civil court. In fact, the divorce rate for baby boomers has more than doubled in the past 20 years.
Divorcing later in life has significant emotional, financial and logistical implications. Many older spouses have stayed home full-time for decades because they sacrificed careers to raise their children. It can present tremendous challenges when it comes to obtaining gainful employment, which, in turn, can greatly affect your post-divorce finances. Understanding issues that often prompt gray divorce and how to overcome obstacles that may arise can help you move on in life if you're severing ties.