General World News

One in 10 ‘gray divorce’ couples finance split with housing wealth

New data from U.K.-based financial services firm Legal & General shows that as many as 11% of all couples over the age of 50 use their real estate wealth — either through the proceeds of a home sale or a home equity release product — to finance the costs of divorce.

“The research, which explored the financial impact of divorce in later-life, also revealed that property wealth is the most important consideration for most couples at the point of divorce,” the organization found. “For many over 50s, property wealth is their most significant financial asset, with people over 55 holding details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com