Equity Release is helping “Silver Splitters” during emotionally challenging times
Divorce in later Life Equity Release is helping “Silver Splitters” during emotionally challenging times I have recently heard the phrase “Silver Splitter” for the first time, then I realised that we have many clients who are in fact divorcing in later life and therefore are silver splitters. Getting divorced at any stage of life is always a challenging time. Divorces among couples aged 55+ are on the increase over the last ten years, according to recent data from the Office of National statistics. Emotions at these times are understandably high and the process can feel complex and alien. For older couples who may have been married for many decades, these issues can feel magnified even further when having to unravel decades of later life finances and assets. Reports also show that there is a gender divide when splitting the couple’s wealth and women in particular face financial hardship after divorce. Often the family home is the most valuable asset for division on divorce a...