The stake in a retirement annuity would be based on the amount of contributions paid during the marriage up to the date of divorce, plus simple interest at a prescribed rate. The law does not lay down a 50-50 or 60-40 split of pension benefits and thus the issue of interest build-up...
If you are considering divorce and have questions regarding how your property will be divided, call our Carmel divorce attorneys. Divorce and Retirement Benefits What Is a QDRO? Even if only one party earned retirement benefits during a marriage, both spouses are entitled to 50% of those earned...
Employer-sponsored retirement plans (401(k),pensions, etc.):The most common area where spousal rules come into play is any account governed by the Employee Retirement Income Security Act (ERISA), which sets the standards for a wide variety of employee benefits, including everything from health,...
Understanding QDROs: Navigating Divorce and Retirement Benefits in Colorado and Minnesota Key Points from a Family Attorney on CO & MN Child Custody Cases Navigating Post-Divorce Child Relocation in Minnesota Navigating Co-Parenting: Best Communication Tools for MN and CO Families 7 Steps to Ensure ...
Gathering Necessary Financial Information: Collect all financial details, including military retirement pay and benefits. Drafting the Divorce Decree: Create a draft specifying the division of military retirement pay, meeting DFAS requirements for direct payments. ...
Divorce is one of the most pivotal periods of your financial life. Learn about budgeting, asset division, retirement, alimony, child support, and more.
Getting a military divorce in Florida by law must factor in military retirement benefits, full military medical benefits, survivor benefit plan, child custody, and financial support. Deciding on these things isn’t simple because federal law proceedings apply to each military member on active duty....
FERS vs. CSRS Retirement Plans When it comes to offsetting marital property values in divorce, the difference between FERS/CSRS and traditional non-governmental plans could mean tens of thousands of dollars. You could also lose valuable benefits when dividing these plans with a court order without...
There are oftentimes particular circumstances in divorce cases that give rise to other laws that can have a critical effect on a divorce’s outcome. Such laws include those related to taxes, real estate, retirement benefits of military personnel, wills and trusts, intellectual property rights, dome...
Indeed, Virginia law recognizes three distinct categories of property: marital, separate, and hybrid. The marriage property encompasses assets acquired from the wedding day onward, regardless of how the title is held. This includes retirement benefits, income, and property purchased with marital funds...