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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 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] [2] If the divorce is fraudulent, it is called a sham divorce. [3] [4]
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]
In many cases, irreconcilable differences were the original and only grounds for no-fault divorce, such as in California, which enacted America's first purely no-fault divorce law in 1969. [2] California now lists one other possible basis, "permanent legal incapacity to make decisions" (formerly "incurable insanity"), on its divorce petition form.
Turns out, the price was $60,000 out of a roughly $200,000 retirement fund. During their marriage, Violet had been diligently putting 5% of her paycheck into her retirement fund, which her ...
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