Gunnstaks Law Office
Handling High-Value, High-Conflict Family Law Cases

Contact Our Firm Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Women face more significant financial challenges in gray divorces

There has been much discussion in family law circles about the rise of so-called “gray divorce.” It is noteworthy because couples over 50 years are the only demographic where the numbers continue to rise.

Divorce may be the right decision, but women involved in gray divorce nevertheless have to be especially careful even if the initial settlement appears to be fair and equitable. According to Bloomberg, divorce is generally a significant financial setback for couples over 50, but women. Explanations for this include:

  • Job prospects: Those who have been out of the workforce for long periods of time raising a family have difficulty reentering the job market, particularly for higher-paying positions.
  • Standard of living: This plunges by 45%, which is twice the amount of previous studies on younger women. Explanations for this phenomenon include that there is less time and fewer tools to recover from this financial setback.
  • Highest rate of poverty at retirement age: It is estimated 27% of divorced women over the age of 63 live below the poverty line (as opposed to 11% of men).
  • Fewer spouses available for remarriage: Remarrying can raise the standard of living, but it is also harder for heterosexual women to find a new male spouse as men choose younger wives and die on an average of five years earlier than women.
  • Social Security: This was supposed to keep seniors out of poverty, but spouses need to be married at least ten years to gain access to these and some other benefits.
  • Insurance: The wife loses coverage if it is through her husband’s employment.

Preparing for the future

In light of these developments, it is advisable that women work with an experienced Board-certified Family Law expert attorney in Collin County, Denton County, Dallas County, Midland County, Ector County or elsewhere throughout Texas. While there are specific guidelines for dividing assets in a divorce, these legal professionals can fight to ensure that the settlement addresses concerns expressed here as well as issues unique to the couple.  

No Comments

Leave a comment
Comment Information
  • Press Release
  • Board Certified | Texas Board of Legal Specialization
  • Avvo Rating 10.0 Superb
  • LCA | Litigation Counsel of America | FELLOW Gunnstaks Law Office, Attorneys & Lawyers, Plano, TX 10 Best 2015 Client Satisfaction | American Institute of Family Law Attorneys

Office Location

Gunnstaks Law Office
5601 Granite Parkway, Suite 350
Plano, TX 75024

Toll Free: 800-806-0186
Phone: 972-590-6572
Phone: 800-806-0186
Fax: 214-619-0636
Plano Law Office Map

Call For Appointment Map