Search results
Results from the WOW.Com Content Network
Jurisdiction over a service member is a prerequisite for dividing a military retirement. This jurisdiction is more than simply personal jurisdiction through service of process – it requires either residence within the state not due to military orders, domicile in the state, or the service member's consent. [5]
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.
To split a workplace retirement plan like a 401(k) or a pension plan, you’ll need to obtain a court-issued document called a qualified domestic relations order, or QDRO. This order is separate ...
A 2022 study published in the Journal of Gerontology found that, from 1990 to 2010, the divorce rate for adults 65 and older has nearly tripled; among adults ages 50 to 64, the divorce rate per ...
Divorce during your retirement years, often called gray divorce, can complicate your retirement plan. Retirement assets may need to be divided, and alimony could be granted after a long-term ...
Here are seven avoidable mistakes when it comes to splitting assets as part of a divorce. 1. Keeping the marital home when it’s not financially feasible ... Retirement accounts, such as a 401(k) ...
Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension , but a retainer payment, as retired service members are eligible to be reactivated.