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Gray divorce is the term used to identify a divorce involving spouses at least 50 years of age. The number of people getting divorced at later stages of life has increased and today represents as many as one-fourth of all divorces in the United States.

Under the law, only marital property may be divided. These are assets that were acquired by either spouse after the marriage, unless the asset was a gift of inheritance or expressly noted in a prenuptial agreement. Marital property includes wages earned, benefits and profit-sharing as well as debts that were created.

What is a gray divorce in Massachusetts? A gray divorce is a divorce that concerns couples over the age of 50. These divorces have a specific name because of the recent increase in older age divorce.

How long do uncontested divorces take? An uncontested divorce will finalize within 90 to 120 days. If there is a separation agreement involved, the timeline is closer to the 120 days. There are simplified divorce procedures for people who are in complete agreement and they may apply to you.

Married couples considering a gray divorce have often built a life together, which can make dividing property, finances, and possessions considerably more complicated. Issues unique to gray divorce include: Division of retirement accounts and pension plans. Loss of health insurance.

Massachusetts is one of the remaining 41 states that have an ?equitable distribution? policy. Division of assets is based on what the court decides is ?fair and equitable?. This could result in a 50/50 split, but this is not a given, regardless of how long you have been married.