Law Offices ofBrandon R. CeglianP.C. Attorneys group photo

Gray divorce brings more specific financial concerns

In our Nov. 11 blog post, "Preparing for the financial side of divorce," we discussed steps that a separating couple could take to reduce the financial burden of the divorce process. This week, we will explore the financial aspects of gray divorce in Colorado and elsewhere. The term is meant to apply to couples over the age of 50 who decide to end their marriage. 

Typically, as a person gets older, they begin to look forward to retirement. However, for married couples considering divorce, they must also consider how the separation will affect their retirement funds. For many retired Americans, their retirement distributions are their only source of income. Divorce is naturally designed to split funds evenly and fairly between partners, but what happens when those individuals do not have much money to divide?

Particularly when the couple has raised a family in one home, the house is usually the biggest asset of contention in gray divorces. However, it may not be financially possible for one spouse alone to afford the house after the divorce. Therefore, even if some assets may hold sentimental value, it is best to ascertain the reality of one's future income without the support of the soon-to-be former spouse and make decisions accordingly.

When going through the divorce process, spouses often get so wrapped up with excitement or anxiety over the process that they fail to adequately plan for the future. This is particularly true with finances. Therefore, it may be in the best interest of each party to find an experienced Colorado divorce attorney to provide them with guidance concerning not only the process itself but also life after divorce.

Source: Bloomberg, "The Mid-Life Divorce: Don't Get Taken, Don't Get Even", Ben Steverman, Nov. 10, 2014

No Comments

Leave a comment
Comment Information
get Legal Help Now

Tell Us About Your Legal Issue

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Meet Our Attorneys

Attorney Brandon

Brandon Ceglian

Brandon Ceglian's practice focus is family law, landlord-tenant law / real estate, civil litigation, criminal / DUI, and collections. View Attorney Profile

Attorney Adam

J. Adam Beckman

Adam Beckman’s areas of focus are family law, adoptions and prenuptial agreements, and criminal law/DUI. View Attorney Profile


Domenic Nicotra

Domenic Nicotra’s practices primarily in the areas of Landlord-Tenant, Family Law, Criminal, Protection Orders, and Civil Litigation. View Attorney Profile

Daniel J. Zolnikov

Daniel J. Zolnikov

Daniel Zolnikov practices in the areas of HOA, debt collections, landlord tenant, civil litigation and construction law. View Attorney Profile