If you are contemplating a separation later in life, or if divorce proceedings have already begun, it’s important to know that support is available – and you don’t have to go through this alone.
In recent years, more people over the age of 50 are choosing to end long-standing marriages, a trend commonly known as “grey divorce.” While overall divorce rates are declining, the Office of National Statistics reported that between 2005 and 2015, the number of men divorcing aged 65 and over rose by 23%, with a 38% increase for women of the same age group.
This shift reflects changing priorities, greater personal independence, and a desire for fulfilment in later life. While making this decision can feel overwhelming, it can also mark the beginning of a new and positive chapter.
What makes Grey Divorce different?
Divorcing after many years of marriage can present unique legal and emotional challenges, particularly when it comes to dividing long-held assets and planning for retirement. Common issues include:
- Determining how assets will be fairly split
- Deciding whether certain assets are pre-marital or matrimonial
- Understanding the full value of pensions and financial resources
- Reviewing retirement plans and housing needs
- Considering the impact on adult children and grandchildren
Pensions are especially important. In many marriages, one partner may have stayed home to raise children while the other worked, which can lead to significant financial disparity later in life. Pensions are often more valuable than the family home, and it’s essential they are included in any financial settlement.
Taking the first step
It’s natural to feel uncertain, especially if you haven’t had much involvement in financial matters. Many people worry about their future security or about making the wrong decisions.
But with expert legal guidance and the support of independent financial advisors where appropriate, you can approach this transition with clarity and confidence. You deserve to feel secure and optimistic about your next chapter.
As Ruth Langsford recently shared in The Independent, following her public separation from presenter Eamonn Holmes:
“I’m trying to embrace the fact I’m single and can make choices that are just about me.”
This outlook is one we see echoed in many of our clients, and we’re here to help you reach that same sense of confidence.
Get in Touch
At Swinburne Maddison, we offer clear, compassionate, and experienced advice tailored to your personal circumstances. If you’re thinking about a grey divorce, or are already going through one, the best first step is to seek legal advice early.
For more information or to arrange a confidential conversation, please contact Catherine Lowther, Head of the Family Team at Swinburne Maddison at catherine.lowther@swinburnemaddison.co.uk or call us on 0191 384 2441.
