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COBRA allows for coverage for up to 18 months in most cases. If the individual is deemed disabled by the Social Security Administration, coverage may continue for up to 29 months. [d] In the case of divorce from the former employee, the former spouse's coverage may continue for up to 36 months. In the case of death of the former employee, the ...
COBRA, the federal program that allows people who have lost their jobs to continue paying for their former employer's healthcare plan, is free through Sept. 30.
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.
Divorce laws have changed a great deal over the last few centuries. [10] Many of the grounds for divorce available in the United States today are rooted in the policies instated by early British rule. [11] Following the American Colonies' independence, each settlement generally determined its own acceptable grounds for divorce. [12]
Gray divorce rates. While the U.S. has maintained a steady decline in divorce rates, the situation is different for divorce among middle-aged and older adults, also known as gray divorce:. 36% of ...
Key takeaways. If you obtained a joint mortgage with your ex, both of you are responsible for the debt. Divorcing couples with a joint mortgage typically opt to sell the marital home, refinance ...
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Although the emotional impact of separation is similar to that of divorce, [3] some argue that a temporary separation may also occur to enhance the marriage as a tool to stay together. Some experts regard a six-month separation as a good amount of time for a temporary separation, since it is long enough to set up a second household and gain ...