In today’s post, we share more about the potential worries of adult children when their parents decide to divorce as seniors. In our last posting, we talked about:
VA disability eligibility can complicate military retirement division
We recently shared information about the new military retirement plan that came into existence in 2018. Going forward, the Department of Defense will place each active and retired service member in either the legacy plan or the new one, depending on his or her length of service, and a subset of service members will have the option to either remain in the legacy plan or opt into the new one through the end of 2018.
Dividing firefighter and police pensions in Florida divorces
A complex issue our clients often face is the equitable division of pensions and other retirement benefits in divorce. The question of pension division is uniquely complicated in Florida when one of the spouses has accumulated financial interests in a pension as a firefighter or police officer.
Part 2: New military Blended Retirement System and divorce issues
Last week, we talked about the new military retirement program that was launched on January 1, 2018, called the Blended Retirement System or BRS. In that post, we described the historical, legacy plan as well as the features of the new BRS.
Part 1: New military retirement plan may throw wrench into divorce
Whether you are an active or retired service member or a member of the Reserves or National Guard, or married to someone who serves or has served, the military pension you (or your spouse) has or will earn is one of your most important assets.
The way you buy a home affects your future divorce
When you're first married, you're in love. You're in love with the idea of marriage, your spouse, your new life together and all the joys that come with it. During that time, many people purchase their first homes together and start a family.
DIY divorces are possible but tricky when it comes to retirement
Splitting your retirement accounts during divorce is something you might have to do, but it's not something you want to do yourself. This is a complicated task, and it's best left to professionals.
What can you do to save a marriage?
Getting a divorce is a big deal, so before you take that step, it's a good idea to decide if it's the right choice. Reconsider the option, because the last thing you want is to go through a divorce only to regret your decision.
Here's what you need in your settlement agreement
You are likely dividing up your assets if you're going through a divorce. Not only that, but you're also dividing up your debts. Your settlement agreement will be legally binding, so it's important to get it right the first time.
Is a pet treated as property in divorce?
You have a pet that you adopted while you were living with your husband. Now that you've decided to get a divorce, you're not sure who is going to end up with your dog. You both love it equally, and you want to make sure you place your dog in the right home.
