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Despite the impact of COVID-19, we are open and continuing to meet the needs of our existing clients and new clients without interruption or change in the quality of our services. Please do not hesitate to contact us with any concerns, questions or requests for information about your matter. At this time we are offering appointments via telephonic and/or video conferencing.
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Gray divorce, health and finances

by | Dec 18, 2018 | Divorce |

Divorce is not generally one of the things that people in New Jersey want to focus on during the holiday season but it does often end up being something that rears its head during the stress of this time of year. For people who are over the age of 50 and who are considering a divorce, it is important to understand the many ways that this experience might impact their lives.

Psychology Today explains that divorces at later stages in life have increased in number over the past couple of decades. Part of that increase includes a big jump in the number of people getting divorced after being married for at least two times. In fact, a person who is in a remarriage is 2.5 times more likely to get divorced than their first marriage counterparts. For remarriages that have lasted less than one decade, the risk of divorce is ten times greater than it is for marriages that have endured for at least four decades.

The end of a marriage generally brings with it financial challenges as couples must split their assets when parting ways. For people who are retired or approaching retirement, this can pose a significant problem as they struggle to figure out how to live on less.

The stress associated with divorce may be problematic for people over 50 as well. U.S. News and World Report indicates that people in this position may have an increased rate of depression that, in turn, may be linked to a myriad of health conditions.

 

 

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