Divorce after the 60s: How to Prepare yourself for Gray Divorce?

17 Jun, 2024

By VR Associates Law Firm

Divorce after the 60s: How to Prepare yourself for Gray Divorce?

Living with your partner for decades is a milestone in itself, but it is not necessary that those milestones last for a lifetime. Many couples opt for divorce in their late 50s and 60s. Also known as gray and silver divorce, the rate of divorces after the age of 60 has been continuously surged and has never slowed down.

But how do you prepare for getting a divorce after 60? How can a divorce lawyer in Gurgaon help you proceed with the process? This guide will help you stay prepped while you juggle to put your life back together after making a decision to separate:

Compile a List of all your Belongings and Liabilities

Firstly, you need to generate an inventory of all the assets you own that are inclusive of your home, rental properties, cars, pension funds, contents, holiday house, bank accounts and any other stuff that you can think of. Next, also prepare a list of non-financial assets such as photographs, home items and other household items that hold sentimental value. They might not carry substantial monetary value but could hold considerable emotional significance.

Just like your possessions, you also need to create a list of all your liabilities that includes all types of loans, such as mortgage loans, home loans, car loans, credit card payments, store loans, etc.

Do Not Conceal or Hide your Assets

While it may feel pretty tempting to hide your assets while taking a divorce in lieu of sneaking more monetary benefits, never make such an attempt. It is because if at all you get caught in doing this, high penalties and fines are sure to be levied on the individual who tends to obscure assets.

Also, it is indecent and unfair behavior towards the other partner. You need to understand that all these years, you two have built a life together, and it is imperative that you plan for a divorce that is fair and minimally painful.

Have your Own People to Support you

Many people feel ashamed about getting divorced in their 60s and tend to hide it from their near and dear ones. Often, parents are seen hiding their divorce chapter from their children.  But there is nothing to feel bad about it. After all, it's your choice and your life decision, and you have all the right to lead your life as you desire and make your own decisions. Do not hide such a state from your peers and children because you have all the right to be happy. In fact, your children will also not want you to lead a life wherein you feel miserable.

So, look for support; search for a family and friend circle that can support you when you plan to rediscover your life and plan to part ways with your partner. This will help you to cope with such a life situation more effectively.

Conclusion

As it is said that age is just a number, the same theory applies to divorce. Many people prefer to call their marriage quits after attaining the age of 60. And there is nothing wrong with that because sometimes living together becomes worse.

The reasons for getting a divorce may be different for different individuals, but often, divorce is the only solution. If you are also someone on the verge of taking a gray divorce and wish to make the process simple and swift, you can get in touch with the best divorce lawyers in Gurgaon to progress through the procedure without breaking a sweat. They can assist you in managing the critical aspects of getting a divorce and assure you the future you rightfully deserve.