How do you go about dividing retirement benefits in divorce? First, the domestic relations court must determine who is entitled to what portion of retirement benefits. Retirement benefits accumulated during the marriage are marital assets, and must be divided as part of an equitable division of property. Equitable division means a fair division of property. (more…)
Military issues in divorce and child custody arise when one or both parents are currently or former members of the military.
The military distributes income in many ways. While calculating income first appears be simple, not every situation is simple. We all know that W-2 income earned through an employer is income for support purposes. We also know that profits earned in a person’s business is income. This covers direct military pay (base pay) and military contracts. However, there are many other sources of income from the military. Other sources of military income include: veterans administration disability payments, GI payments, housing allowance, and pay for training or other types of required drills. (more…)
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