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Thursday, June 1, 2023

Divorced and Retired? Tax Advice for 'Gray Divorce' Couples

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‘Gray divorce’ is on the rise. 

A ‘grey divorce’ refers to when {couples} over the age of fifty finish their marriage. And whereas the divorce fee in some age teams has flattened in recent times; the numbers are grimmer for older {couples}.  There are some studies that say divorces over the age of 65 have tripled within the final 25 years.

We’ve seen examples of this play out in real-time on social media.  In May 2021,  Microsoft ( (MSFT) – Get Microsoft Corporation Report) founder Bill Gates and his spouse Melinda introduced that they had been ending their 27-year marriage. After 25 years of marriage, Amazon’s ( (AMZN) – Get Amazon.com, Inc. Report) founder and former CEO Jeff Bezos and his spouse McKenzie divorced in 2019.

Source: www.thestreet.com

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