It is a sad fact of divorce that unless you are super wealthy the financial impact of divorce can be devastating. The younger you are the more time you have to recover and there are often greater opportunities in the work place. I have worked with a number of older couples in mediation where the realisation of the change of their financial circumstances has altered their approach to their relationship. In some cases this may be reconciliation in others agreement to continue to occupy homes together in order to maximise the benefit of their incomes.
Why the most painful part of late-life divorce isn't losing your husband, it's... losing your homeDivorce rate among over-50s has risen by three-quarters over last 20 yearsRise is fuelled by infidelity and women fed up with a lack of excitementBut few wives anticipate their divorce will cost them their home comforts