The firm’s initiative centers on the reality that couples ending a marriage after decades together face a truncated timeline to rebuild their finances. According to a 2024 analysis by Bowling Green State University, the median marriage length for those filing for a first divorce at age 50 or older reached 29 years by 2022. This long-term integration of assets makes the division of property, pensions, and retirement savings significantly more complex than for younger couples.
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Modern Family Law Targets Growing Trend of Divorce After 50
Divorcing after 50 presents a unique set of financial hazards, from depleted retirement accounts to the loss of long-term housing security. To address these late-life transitions, Modern Family Law has launched a dedicated gray divorce practice across its five operating states, including California, Colorado, Georgia, Texas, and Washington.
Craig Valentine, Chief Practice Officer at Modern Family Law, noted that an agreement appearing equitable on paper often fails to account for the practical realities of retirement income. Keeping the family home, for instance, might leave a client asset-rich but cash-poor, unable to cover essential daily expenses. The new practice focuses on evaluating the utility of assets rather than just their total dollar value, specifically targeting the nuances of healthcare benefits, spousal support, and long-standing family obligations. By formalizing this approach, the firm aims to guide clients through the trade-offs between immediate property division and long-term financial viability.
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