Wheaton Family Law AttorneyDivorce rates among older couples, often referred to as “gray divorce,” have seen a significant rise in recent years. In Illinois, as in many other states, older adults face unique challenges and considerations that younger couples may not encounter.

Understanding these differences can help ensure that older couples navigate their divorce with greater clarity and preparedness. No matter what age you are, hiring a lawyer to lead you through the divorce process is strongly encouraged.

Financial Implications and Retirement Funds

One of the most significant considerations for older divorcing couples in Illinois is the division of financial assets, particularly retirement funds. Unlike younger couples who have time to rebuild their savings after a divorce, older individuals are often nearing or already in retirement.