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According to the CDC's analysis of 45 states, the divorce rate was around 2.4 per 1,000 Americans in 2022, down from around 4 per 1,000 in 2000. Still, a couple's retirement assets might feel the ...
It is well known that finance troubles frequently lead to divorce, but less discussed is just how much financial trouble divorce can create. For one, it can wreak havoc on your retirement savings ...
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A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
A paper divorce is a case in which a couple obtains a legal divorce but continues to live together as before. It may be done for financial reasons, such as to isolate medical debts to only fall on the ill partner. [1] If the divorce is fraudulent, it is called a sham divorce. [2] [3]
The statutory and fiduciary mandate of the State Board of Administration of Florida (SBA) is to invest, manage and safeguard assets of the Florida Retirement System (FRS) Trust Fund as well as the assets of a variety of other funds. The SBA manages 25 different investment funds and trust clients.
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]
Legal separation (sometimes judicial separation, separate maintenance, divorce a mensa et thoro, or divorce from bed-and-board) is a legal process by which a married couple may formalize a de facto separation while remaining legally married. A legal separation is granted in the form of a court order.