Dividing Your Assets in a Gray Divorce

For older couples who decide to split up, divorce can look very different than it might have in their younger years. Children often are grown and out of the house, so child support and custody aren't an issue. And breakups after long marriages can sometimes seem amicable rather than contentious; partners simply grow apart and decide to go their separate ways.

But with gray divorce on the rise--the divorce rate for adults over 50 has doubled since the 1990s, according to the Pew Research Center--both partners need to understand how to correctly split up retirement plans and other assets. One partner may offer to be generous, but that's not necessarily helpful.