Einhorn Barbarito Managing Partner Matheu D. Nunn, who chairs the Family/Matrimonial and Appellate practices, was quoted in an article in Kiplinger titled “Gray Divorce After 50: Managing the Shift to Your Solo ‘Second Act.’” The article discusses the various financial challenges faced by married couples divorcing later in life.
When it comes to splitting finances, Nunn says the marital balance sheet often skews toward illiquid assets, such as home equity, retirement accounts, 401(k)s, IRAs and pensions.
“Splitting these can materially reduce each spouse’s retirement readiness. For spouses not yet Medicare‑eligible, loss of employer‑sponsored coverage can be a shock. For Medicare‑eligible spouses, income changes may trigger IRMAA surcharges and asset division and RMDs, which can affect future premiums,” Nunn says.
He adds that gray divorce often disrupts family legacies and college funding while creating new challenges for holiday traditions and — perhaps most critically — the coordination of care for aging parents.
Nunn says that early cognitive decline or chronic illness strains marriages and complicates finances.
“From a legal standpoint, capacity to enter agreements, the need for guardianship or powers of attorney, and protection against undue influence all require careful handling,” he says. “Often, the more practical path is comprehensive planning — long‑term care, trusts, and supported decision‑making — rather than litigated divorce. Even so, every case is fact specific.”
Read the full article at Kiplinger.