Ohio residents may be interested to learn that the rate of gray divorce cases, or divorce after 20 or more years of marriage for people 50 and older, has doubled since the 1990s. Although various studies have tried to explain the trend, the reality is that both individuals may be very different people from who they were when they tied the knot.
Most gray divorces share commonalities with divorces among younger people. For example, people may no longer believe that their emotional or physical needs are being met after the kids move out. Both individuals may still have to divide up marital property. The main difference, however, is that couples will also have to divide up retirement accounts, meaning each person may be living on half the income they had previously expected to have.