When an Older Couple Divorces

Rise of the Gray Divorce While short-lived marriages are the stuff of tabloid articles and morbid curiosity, the public tends to think of twenty-year or thirty-year marriages as unshakeable. With advances in medicine and an overall increase in lifespans from our parents’ and grandparents’ generations, there has come about a new social phenomenon: the “gray”…

Who is responsible for paying debt after a divorce?

When couples decide to divorce, they understand the assets accumulated throughout the marriage will need to be divided. Generally, both parties seek homeownership and other real estate holdings, high-value assets, and child custody during this process. However, when it comes to debt, couples are usually slow to take responsibility. No matter who is responsible for…