Understanding Gray Divorces in Colorado
Gray divorces, which are those between couples over the age of 50, are on the rise across Colorado and the U.S. Couples seeking divorces later in life may face more challenging divorce proceedings but may also experience the fresh start they need in this stage of life. A Broomfield divorce lawyer from Danielsen Westhoff can help older couples navigate this life change and ensure a fair settlement.
Understanding Gray Divorce and Its Impact
Gray divorce occurs when couples 50 years of age and older file for divorce. Statistics show that gray divorce rates are skyrocketing. While divorce rates have dropped for those under the age of 45, older couples have become the largest demographic group to file for divorce. Couples who file for gray divorce may cite reasons such as empty nest syndrome, unhappiness, changing goals, and financial issues, to name a few.
Couples filing for gray divorce may also face some unique challenges. If the couple was married for a long period of time, they are more likely to have a complex array of assets that can make the divorce process more complicated and lengthy. Additionally, finding housing and employment may also be harder when starting over at this stage of life, and couples must also take existing estate plans into consideration and make appropriate changes.
As you navigate this life change and its impact on your family, work with an experienced family law lawyer in Broomfield who can provide step-by-step guidance throughout the process. They can also provide solutions to legal challenges and connect you with valuable resources.
Asset Division is More Complex in Gray Divorces
Asset division is often much more complicated in gray divorces because couples have been in long-term marriages and are more likely to have more extensive marital property. Separate property may have been commingled during the marriage, as well.
During the divorce, all assets must be listed so their value can be determined and divided. Colorado dictates that assets are to be divided fairly between both spouses, but may not be a perfectly equal split, per Colorado Revised Statutes § 14-10-113. Each party’s circumstances are considered when distributing assets.
Gray Divorces and Spousal Support Requests
Couples who have been married for a long time have more intertwined lives, and one spouse may become dependent on the other spouse’s income. Couples also establish their lifestyle during their marriage, which can result in stark changes following a divorce. If a spouse is not in an economically stable position and cannot fully support themselves in light of a divorce, then they may file a request for spousal support.
Also known as alimony, spousal support allows the spouse in need to receive financial support from their spouse. Granting spousal support is up to a judge, and they take many factors into consideration. When couples have been married for many years, there may be more emphasis on ensuring both parties can move forward on more equal footing. An experienced Broomfield alimony attorney can guide you through the legal process of filing for spousal support.
Legal Representation Provides Valuable Support Throughout a Gray Divorce
It is important to have a skilled lawyer by your side to navigate the complexities of gray divorce. Legal representation provides you with an advocate and someone who can help you understand the legal requirements you must follow. You can talk to a lawyer about your specific situation when you contact our team at Danielsen Westhoff today.