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What is Grey Divorce? Many celebs have faced this type of divorce

Image credits: Freepik

Definition

Grey divorce refers to the trend of older adults, typically aged 50 and above, getting divorced later in life.

 

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Rising Trend

In recent decades, there has been a noticeable increase in this phenomenon, with divorce rates among individuals in this age bracket.

 

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Impact on Finances

Resource division in later-life divorces is complex due to significant effects on retirement savings, pensions, and financial assets.

 

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Reasons for Grey Divorce

Common factors are changing norms, longer life expectancy, and evolving goals, driving people to seek fulfillment or compatibility later.

 

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Legal Considerations

Legal aspects of grey divorce can be complex, involving issues like asset division, alimony, and the potential impact on estate planning.

 

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Celebs Opted Grey Divorce

Many Bollywood celebrities like Malaika Arora and Arbaaz Khan, Amir Khan and Kiran Rao opted for grey divorce.

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