Going through a divorce at any time in your life is difficult, but there may be added complications for those who choose to do it after 60. Take a look…
According to the Office of National Statistics, over 60s are the fastest growing age group of divorcing couples. Often referred to as ‘silver splitters’, these couples have an average length of marriage almost three times that of their younger peers. This makes the process more difficult.
Despite the added difficulty, silver splitters shouldn’t be put off getting divorced and . In this post, we’re going to discuss everything you need to know if you’re divorcing over 60 so you can avoid any complications that might arise.
Before we discuss what difficulties you need to be aware of if you’re undergoing a divorce over 60, we’re going to briefly touch on the reasons why they’re so common.
One of the main is because their children have left home, and the couple has time to contemplate their future with their spouse. In many cases, this contemplation can lead over 60s to realise that they would be happier elsewhere.
With life expectancy increasing year-on-year, older couples are having to consider the possibility of living another two or three decades with their spouse. Not every relationship can stand the test of time.
More often than not, divorces over 60 are more amicable than those of younger couples as they lack the combustible event that usually tears relationships apart. It’s rare for an older couple to commit adultery for instance, or anything else that would usually end a marriage.
In most cases, the couple will actually defend each other through the proceedings having shared such a significant portion of their lives together.
Despite divorces over 60 being amicable, the financial and emotional impact of these can be quite complicated. After being married for so long, your finances are tightly bound together and you’re used to having someone else around to care for you.
When considering the financial issues of divorcing your spouse, you need to think about how tied-together your assets are. For example:
In order to be in control of these financial assets when you go through the divorce process, and the inevitable financial settlement, you’ll need a complete picture of your assets. The main pieces of information you’re likely to need are:
Once you have this information, you then have to decide what portion of the finances you’ll need for the future. You’ll need enough money for future accommodation, for your retirement, to supplement your income, and to pay for anything else you might need.
It’s important to really think about what you’ll need for the future, so you don’t settle for anything less and end up struggling financially once you’ve divorced your spouse.
Once you’ve sorted through your finances, come to a settlement, and finalised your divorce, you might find that you’re having trouble dealing with the emotional impact of it.
When over 60s get divorced they can have feelings of depression, rage, fear, loneliness and sadness because their life has change dramatically from what it was before. These emotions can be difficult to handle especially due to the exhaustion of going through a divorce.
Dealing with these emotions isn’t always easy, but there are ways to alleviate some of the pressure and recover more quickly. You could try:
Above all, it’s important that you get dressed every morning, put a smile on your face and prove that you can live without your ex. Emotions tend to follow actions so if you face the day with a smile on your face and a pep in your step your optimism will grow with it.
In this post, we’ve managed to cover why someone might get divorced over 60, what the financial and emotional impacts might be, and how you can overcome them.
Once you’ve gotten over your divorce and adjusted to your new life, it’s up to you what you do from there. You could try dating again if you want to get back into a relationship, or you could try being alone and see how the single life treats you for a while.
The most important thing to remember is that life can begin at 60, 70 or 80. There is no age limit on starting a new life, and you can mould it in any way you want. Thank you for reading this post and good luck with your divorce.
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