It discusses a Tax Court decision involving the payment of military retirement benefits under the Uniformed Services Former Spouses' Protection Act (USFSPA) to the former spouse of a retired serviceman.BirdProfessor of accountingBruce M.Professor of accountingSakai...
Spouses may also be entitled to other military retirement benefits outside of retirement pay. For example, the MilitaryThrift Savings Plan (TSP)is a divisible asset in divorce, just like civilian retirement accounts. A court order will specify the division, either as a percentage or a fixed amo...
The main difference in military divorce proceedings lies in the distribution of military retirement benefits and health insurance benefits. Whether a non-military spouse can receive a portion of the service member’s retirement benefits, such as a military spouse’s pension, hinges on various factors...
Spouses may also be entitled to other military retirement benefits outside of retirement pay. For example, the MilitaryThrift Savings Plan (TSP)is a divisible asset in divorce, just like civilian retirement accounts. A court order will specify the division, either as a percentage or a fixed amo...
Division of Military Benefits In California, military retirement and pension are considered marital assets and are subject to division, assuming the court has jurisdiction. This jurisdiction can be established either through the military spouse’s consent or their legal residence. The ‘10/10 rule’ ...
Will a military member really be happy resigning from service and following the ambitions of the military spouse? The desire to serve one’s country can outweigh the commitment to marriage. And, the resentment that builds within a spouse who sacrifices a career may also lead to divorce. ...
Current military members who are eligible for the Post-9/11 GI Bill may be eligible to transfer their GI Bill benefits to spouse or children. Learn more about eligibility rules and requirements. Concurrent Retirement Disability Pay (CRDP) ...
Before moving your Thrift Savings Plan retirement account, it's important to know some benefits of keeping your TSP in place. Read article Making sense of National Guard and Reserve retirement Feb. 9, 20247 minutes Serving in the National Guard or Reserves is a great way to serve your country...
Military Retirement Benefits The Uniformed Services Former Spouse’s Protection Act is used to calculate the monetary amount of retirement benefits that will awarded to the non-military spouse in the event of divorce. In order for the non-military spouse to receive benefits, the couple will have ...
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