Florida couples may be interested to learn that the number of "gray" divorce approximately doubled between 1990 and 2014. The term refers to marital breakups involving people who at at or over the age of 50. Many of these individuals were together for many years and often amassed real estate and other assets throughout their marriage.
Divorce can affect Florida couples at various stages in their marriages, and the financial aftermath can be overwhelming for both parties involved in the process. There are many factors that are considered during financial negotiations in divorce, and both sides may view their own interests as top priorities while dealing with retirement plans and marital assets. It is important to consider the value in settling in a timely way rather than bickering over minor details since prolonged legal action could cost a large portion of any settlement in the form of fees.