If you're a Massachusetts woman and thinking about moving forward with a divorce, one of the most important decisions you can make is to become more involved in your family's finances. Too many women are not involved in financial decision-making, which can seriously handicap them during and after a divorce. In other words, do not underestimate the importance of financial literacy in this process.
The term "gray divorce" generally refers to divorces which occur when the spouses are in the 50-59 age group. Sometimes, these are also referred to as "empty nest divorces." Over the last few years, these divorces have increased by 40 percent overall, and 25 percent of marriages that have lasted more than 20 years end in divorce, according to recent statistics.