John Bednarz, P.C. | Divorce & Family Law Attorney
View Practice Areas
Relax and meet John

Later in life divorce may cause greater property division issues

Depending upon the source that an Arizona resident consults, he may find claims that the national divorce rate is either increasing or decreasing. There is no doubt that marriage statistics are changing across the country. For example, the average age of American brides has increased by around seven years since the 1970s. Couples are waiting longer today than they did in the past to walk down the aisle, and for this and many other reasons, modern first-time marriages are lasting longer than in the past and resulting in fewer divorces for newly married individuals.

However, on average, one out of every two marriages end in divorce in large part due to divorces between long-married parties. Older couples are divorcing at a rate that dwarfs that of their younger counterparts; with advances in health care and individuals living longer, more people are willing to end their marriages to enjoy the end of their lives outside of their former relationships.

Though young couples can possess wealth and diverse assets, long-married couples may more often possess the accounts, assets, and other property items that must be carefully divided when a marital partnership comes to an end. Dividing property at the end of a marriage can be tricky, especially when the parties are unsure of how to value the items they have long held between them.

Regardless of how long a couple has been married, a divorce will terminate their legal union. While every divorce has its own complications, divorces between long-married couples can be muddled by matters related to their property. Anyone who has questions about divorce and property division should contact an Arizona family law attorney for information.

Source: Bloomberg.com, "Boomers Are Making Sure the Divorces Keep Coming," Ben Steverman, June 17, 2016

No Comments

Leave a comment
Comment Information