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Property Division Archives

Military's lifetime alimony rules under siege

Military servicemen and women, as well as their advocates, are speaking out against a federal law that they believe treats them unfairly in divorce. The Uniformed Services Former Spouse Protection Act designates military retirement pay as property for the purpose of divorce, meaning that it may be split up to 50/50. This allows some former spouses to collect half of their exes' retirement pay for life.

Issues facing older adults in divorce: part two

Last week we introduced the concept of "grey divorce," or divorce that happens later in life. We explored some of its roots, including the desire of older adults to move on with their lives after their children are grown and shifting societal attitudes surrounding divorce.

What happens to stock options during your divorce?

Property and asset division during divorce rarely involves just your house, car and furniture. Instead, there is a wide range of less-concrete property, such as retirement accounts, family businesses and stock options. In this blog post, we will discuss dividing unexercised stock options during your high-asset divorce.

Could Your Spouse Be Hiding Assets?

In a perfect world, spouses going through a divorce would be open and honest about their property and other financial assets. Unfortunately, experts report that it is not uncommon for spouses to conceal income or property during the divorce process. If you are going through a divorce, it is wise to be aware of red flags that may indicate your spouse is hiding assets.

Dividing a military pension during divorce

For thousands, even millions, of couples throughout the United States, a military pension is the largest asset they own. And depending on the rank of the military spouse and the years spent in service, the military benefits can be fairly extensive. According to a recent article in the Wall Street Journal, the military pension of an Air Force lieutenant colonel is worth $72,288 a year.

What is a QDRO?

A QDRO, or Qualified Domestic Relations Order, is a domestic relations order that allows a former spouse to receive a portion of the other spouse's retirement plan. Under federal law, a QDRO is necessary in order to divide retirement benefits.

Is a Pension a Marital Asset?

For spouses who have a small number of possessions to divide during a divorce, property division can be relatively simple. However, in a divorce that involves complicated assets, determining "equitable distribution" of property is much more difficult. This blog post tackles one of the most important types of divisible assets: pension plans.

What Is Non-Marital Property in a Minnesota Divorce?

Dividing property can be one of the most contentious aspects of a Minnesota divorce. It can also be one of the most complicated. While most of the property you and your spouse own is considered "marital property" that must be divided during a divorce, not all property falls into this category.

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