Just recently this Florida family law and divorce blog discussed an interesting trend in American divorces -- marriages are ending at a higher than average rate for older individuals. Often termed "gray divorce," the end of a marriage between people who have spent a significant number of years together can be more than just emotionally taxing -- it can be incredibly costly.
The division of assets can be a concern at the top of the list of many divorcing spouses. Divorcing couples may wonder how their property will be divided if they divorce. In Florida, equitable property division rules are followed which means that the court will seek to arrive at a property division settlement agreement that is fair and equitable for the divorcing couple.
Throughout the United States, including Tampa Bay, Florida, and the surrounding area, "gray divorces" are becoming more common. A gray divorce is defined as a divorce of a couple over 50 years of age. In fact, according to the Pew Research Center, gray divorces have doubled over the last 25 years.