Breaking up is never easy, especially when you are over 65. There is often decades of memories and combined finances to untangle and divide up. These so called gray divorces can also pose a financial problem for your retirement. Here are some simple steps to help you get going your separate ways in South Carolina.

Decide if you can live off your post-divorce savings.According to CNBC, many gray divorcees are already retired and enjoying a certain standard of living by the time they decide to split. As a married couple, your money and other assets were shared. But as a single, you may be left with less and little time to make up the shortfall. So work with a financial advisor to see if you have enough cash in the bank to last your expected lifetime.

If you find you need money and are no longer able to work or do not wish to, it is time to think about disposing of your house. For many older Americans, much of their wealth is tied up in their homes. While it is often an incredibly emotional decision, it may be necessary. Want to keep your finances afloat? Change your beneficiaries. You have changed your will and your former spouse is out, or so you thought. Time and again court cases have sided with retirement account documents. So if something should happen to you and your ex-spouse is listed as a beneficiary, he or she will get the money even if you have updated your will.

In many marriages, it is only partner who handles the financial aspect. If you were not the one handling the finances, seek training from community colleges or financial experts.

This article does not offer legal advice.