You and your spouse have worked hard to build a comfortable life. You have investments, properties and loving children. You still remember the day that you got married. It was a gorgeous day full of emotions and hope. Now, the two of you have come to a point in your lives where things just aren't working. You are going to file for divorce.
Divorce can come at any time in life. Some couples divorce in their 20s or 30s. Others divorce in their 50s. When a couple gets divorced after age 50, it is popularly called a gray divorce. In the past several years, the incidence of gray divorce has rocketed. As its rate climbs, many people are realizing that it can some with some serious financial pitfalls.