Recent research shows that divorce rates among baby boomers are on the rise. In the last two decades, divorce rates for couples over 50 have doubled, according to a new study by Bowling Green State University.
Other interesting finds from the study include:
- Divorce rates for couples over 50 were highest among black couples, and lowest among white couples.
- Couples that divorced were generally better educated than those who remained together.
- People in their 2nd or 3rd marriage were 2.5 times more likely to divorce again compared to those in their first marriage.
“[Baby boomers] were the first generation to come of age when we saw the rapid acceleration in premarital cohabitation and divorce rates in the 1970s and the early 1980s,” said Susan L. Brown, co-author of the study.
Couples who have been married a long time and have children together typically want to avoid litigating their divorce. Minnesota strongly encourages divorcing couples to explore the Alternative Dispute Resolution (ADR) process. This process can include a Social Early Neutral Evaluation to help determine custody of the minor children, a Financial Early Neutral Evaluation (used to determine the division of assets, liabilities, and possibly spousal maintenance), or a moderated settlement conference (combining the mediation process and the evaluative process).
The easiest way to get through a divorce is for the parties to come up with a settlement that they both can live with. This doesn’t mean giving up anything that you or your spouse is legally entitled to, but rather, being forthcoming with assets, liabilities, and expectations and working with your spouse and the attorneys to come up a solution.
Not to mention settling the divorce is a fraction of the cost of litigating it.