LGBTQ couples need to keep many factors in mind while planning their estates.
For every 1,000 married Baby Boomers — defined as those ages 51 to 69 — 10 divorced in 2015 (pewrsr.ch/2mCxUfa), which increased from 5 in 1990. The increased rate of divorce amongst Baby Boomers has even been given a trendy name: “gray divorce” (bit.ly/2sEDbpj). However, according to the Williams Institute on Sexual Orientation and Gender Identity Law and Public Policy, the divorce rate of same-sex couples is statistically lower than opposite-sex couples. The data shows same-sex couples divorced at an average rate of 1.1 percent annually, compared with 2 percent (bit.ly/1ssHfae) annually between opposite-sex couples. So, what does this mean for “gay and gray divorce?”