People divorcing after the age of 50, often called grey divorce, recognize that they have some different financial and emotional issues not faced in younger couples who divorce. As I wrote earlier, navigating a grey divorce with dignity is often an essential requirement for later in life divorce. Complicated assets, financial commitments to adult children, and retirement planning may all be in play. Equally important to divorcing couples who have a long history together, is the need to develop the emotional tools to negotiate a divorce and reach an agreement that allows the couple to maintain a cordial relationship and jointly participate in family events. While all of these issues are not unique to grey divorce, that fact that older couples do not have the time to start over and rebuild their life, and in fact may want to maintain many aspects of their current life in the future, makes a divorce team of specialized professionals essential to help the couple address their short-term and long-term needs.
How Mediation and Collaborative Divorce Meet the Needs for Later In Life Divorce
A divorce team is a key resource in alternative divorce processes such as mediation and collaborative divorce. The divorce team is often made up of neutral specialists who help the couple jointly and independently to get the information, emotional support and resources they need to make decisions about their future. A key benefit of the divorce team is they are trained, experienced divorce specialists in their own field and bring in knowledge and expertise to help couples navigate unknown territory, typically at an hourly rate that is lower than a divorce attorney. Divorce attorneys are a critical part of the divorce team, but they are not therapists or financial experts.