A recent report by the Office of National Statistics has revealed that the number of elderly couples over 60 getting a divorce is has risen in the last 25 years.
The study shows that the number of divorces as a whole across the UK has decreased in every other age group except the elderly. The figures from the Office for National Statistics noted that there has been a rise of 73% in the number of divorces amongst those over 60 in the last 25 years, bucking the trend seen in every other group in the UK. Figures show that as well as an increase in England and Wales, Scotland is also following the trend.
Numerous Factors for Increase in Elderly Divorces
According to those analysing the data, there are a number of reasons for the increase in the number of elderly divorces.
Some experts have stated that elderly couples may stay together for the sake of their children, however, once children “leave the nest” it becomes increasingly difficult to stay together. While children leaving the family home may put some pressure on the relationship, one of the reasons that some experts have cited for the increase in elderly divorces is that it is cheaper when children under the age of 16 are not involved. While elderly couples tend to be wealthier, some have cited that this extra saving could act as a catalyst for a divorce.
Elderly couples also tend to develop new interests and seek to do new things later on in life, and with the elderly now living longer some experts have claimed that many may feel trapped by the passions and desires of their spouse. This could also lead to divorce as interests differ over time.
Obtaining a Divorce: Key Considerations for Over 60s
A couple who have been married for a long time may have built up considerable assets over the period of their marriage. A house will normally be the most valuable asset that a couple owns with their pensions also being worth a considerable about. A divorce or separation can have a significant impact on both property and pensions.
Pensions and life insurance policies are considered to be matrimonial property with each party being entitled to a share of this property if they obtain a divorce. Matrimonial property is the property acquired by either party or both, before their separation.
If you obtain a divorce at any stage in life, it is also important to analyse what impact this may have on your will and your estate. Following a divorce, it is imperative that you redraft your will to ensure that you pass your inheritance on to those it is intended, rather than your divorced partner.
Divorce Lawyers: Contact Us
The best way to ensure you are prepared for divorce is by contacting a lawyer. Our team of expert solicitors can aid you by informing you of the options available to you and can provide tailored advice and guidance throughout. Contact us today using our online contact form.