For couples over the age of 50, the beginning of the calendar year is a prime time to file for divorce. Between 1990 and 2013, the divorce rate has doubled for couples over the age of 50, and those who remain single after divorce may encounter financial difficulties. Research shows that 30 percent of divorced single women over the age of 62 are living at or below the federal poverty line.
When you have worked hard for many years, you and your spouse may have built up significant assets that need to be divided when you decide to get a divorce. You might each have retirement accounts, joint and separate bank accounts, stocks, real estate holdings, business interests and other asset types. You may be uncertain of the value of your holdings.