Divorce is rarely simple, but when it happens later in life — often called a gray divorce — the stakes can be even higher. Couples over 50 face unique legal and financial challenges when they split, from dividing decades of shared assets to retirement accounts and health care considerations. It’s never too late for a fresh start, and knowing the unique circumstances of a divorce after 50 will help you make informed decisions to ensure a smooth transition into this next chapter of life. DIVIDING ASSETS Couples who are over age 50 have often been married longer than younger couples going through a divorce, making the division of assets and debts more complex. By this point, many assets are shared and could be something the couples accumulated over many years, like retirement accounts, IRAs, and pension plans. Making a fair and equitable distribution can be trickier at this age, and often, funds saved over the marriage, like 401(k)s, are split down the middle. Facing a financial reduction close to retirement age can cause some to delay their retirement. HEALTH CARE Health care becomes even more critical as we age, and a divorce later in life can affect your insurance coverage. Spouses are often on a plan together, and the cost of moving to an individual insurance plan can make medical bills or health visits more expensive. One partner may lose coverage or may not yet be eligible for Medicare. Both partners will likely face more long-term health needs than a younger couple, making changes to insurance an additional stressor. LIFESTYLE CHANGES Gray divorces also pose unique, non-financial challenges that can feel overwhelming. The end of a marriage that may have lasted for decades can cause both people to feel isolated, lonely, or like they no longer have support, even on daily tasks. It can be more challenging to find a social circle or to no longer have shared activities like clubs or even familiar routines. Living arrangements can be daunting, especially if the couple has lived in a home for many years, maybe raising children there. Divorcing later in life can be overwhelming, but you don’t have to navigate it alone. At Douglass & Runger, we’re here to help you make informed decisions to protect your future. Contact us today for a consultation. A Fresh Start After 50 Gray Divorce Doesn’t Have to Be a Gray Area
Inspired by TheKitchn.com
Silky Chocolate Mousse
This light, airy chocolate mousse is flavorful and requires only two ingredients. It’s the perfect easy-to-make treat for a weeknight or special occasion.
Ingredients •
1 1/2 cup heavy cream, divided
• 1 cup milk chocolate or dark chocolate chips (6 oz) • Optional garnish: grated chocolate, crushed nuts, toffee, or brittle Directions 1. In a microwave-safe bowl, put 1/2 cup of cream in the microwave for 1 minute. 2. Stir in chocolate and let sit for 5 minutes, then whisk until smooth. 3. In a separate bowl, beat the remaining 1 cup of cream with a hand mixer or whisk until soft peaks form. 4. Set aside 1/2 cup of whipped cream for topping, and continue whipping the remaining cream until stiff peaks form. 5. Gently fold whipped cream into the cooled chocolate mixture in batches, mixing until combined but still light and fluffy. 6. Spoon into four ramekins or glasses, and refrigerate for at least 1 hour before serving. 7. Top with reserved whipped cream and garnish if desired. INSPIRATION “Summertime is always the best of what might be.” —Charles Bowden
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