On October 20, 2016, Vicki Viramontes-LaFree, partner in the Divorce and Family Law Group, participated in a panel as part of Suburban Hospital’s Estate Planning Journal Club Speaker Series. The subject was “Grey Divorce: From the Legal, Financial and Mental Health Perspectives.” In 2013, a study found that the divorce rate after age 50 doubled and that it more than doubled for those 65 and older. The panel discussion focused on special challenges for divorcing baby boomers as they grapple with children leaving home, anxiety about financial security and the ability to retire, the tension between supporting children in college and the support needs of a spouse, the prospect of a reduced lifestyle after retirement and after assets are split in two, having to sell the family home, and concerns about healthcare, long term care, life insurance and social security benefits.
