July 26, 2012 (Press-News.org) Deciding how to divide marital assets is a challenging step that must be completed before a divorce is final. This step can be especially challenging if one or both spouses is a current or retired military service member. If this is the case, it means that the couple's biggest asset is oftentimes the military spouse's retirement pension.
Because of this pension, the laws regarding its division, and other factors affecting military couples, a military divorce can be more complicated than a divorce between two nonmilitary members in North Carolina.
Division Of The Military Pension
A military pension can be worth a substantial amount of money and is guaranteed for the rest of the military spouse's life. A recent article in The Wall Street Journal discussed the complexities involved in dividing a military pension and how it is crucial to seek the counsel of a qualified military divorce attorney who knows and understands the laws and requirements regarding these benefits when seeking a military divorce.
The state in which a spouse files the divorce petition can be one challenging aspect of the division of a military retirement pension. This can be a challenge because, while a service member may be stationed at Pope Air Force Base, Seymour Johnson Air Force Base, Fort Bragg, Camp Lejeune, MCAS Cherry Point or MCAS New River, they may have a permanent residence in another state. An estranged nonmilitary spouse or ex-spouse could reside in a third state. Depending on the state, the nonmilitary spouse could lose out on the retirement benefits if certain forms are not filled out correctly.
The length of the marriage is another factor that can contribute to the difficulty of dividing up the military retirement pension. When the marriage overlaps the military spouse's service period by 10 or more years, the nonmilitary spouse receives benefit payments directly from the government. If the marriage lasted fewer than 10 years of the service period, then the government will not enforce a court order from the nonmilitary spouse for a share of the retirement pension. In that case, if the military spouse does not provide a share of the retirement benefits directly to the nonmilitary spouse, then the matter needs to be settled in a divorce court in the appropriate state.
Military retirement pensions are also governed by a somewhat complex interplay of both state and federal rules. Therefore, even when a nonmilitary spouse gets court-awarded retirement benefits after filing for divorce in the appropriate state, state and federal rules can still make collecting those benefits a challenge.
Military Divorce Is On The Rise
The rate of divorce in the military has risen from 2.6 percent in 2001 to 3.7 percent in 2011. For Air Force enlisted personnel in 2011, nearly 5 percent of marriages ended in divorce. The overall rate of divorce in the Air Force - at 3.9 percent - is the highest in twenty years. The rates of divorce in the Navy (3.6 percent) and Army (3.7 percent) are at their highest rates since 2004. The Marine Corps divorce rate did not change between 2010 and 2011, but is still high at 3.8 percent.
An experienced military divorce attorney can help navigate the complexities unique to military couples, such as military pension division or complicated child custody arrangements, for either the military or nonmilitary spouse.
Article provided by Roberts Law Group, PLLC
Visit us at www.robertsfamilylawteam.com
Dividing a Military Pension in a North Carolina Divorce
Part of dividing marital assets upon divorce is dividing pensions and retirement accounts, including military pensions, if either or both spouses are or were in the military during the marriage.
2012-07-26
ELSE PRESS RELEASES FROM THIS DATE:
Lawmakers Again Fail to Pass South Carolina Texting Ban
2012-07-26
The evidence is in: highway safety advocates and many state legislatures understand the dangers of distracted driving. Nearly 40 states have passed laws that prevent sending and receiving of text messages while driving, and no one requires an explanation as to why texting distracts drivers.
Unfortunately, the South Carolina Senate recently rejected a bill that would have outlawed texting while driving, leaving the state in the distinct minority with respect to distracted driving prevention. While South Carolina cities such as Columbia, Camden, Clemson, Walhalla, Sumter ...
When Business Owners Divorce: The Importance of Business Valuations
2012-07-26
A few years back, many individuals found themselves searching for new careers after the economy plummeted. Some took jobs similar to those they left behind while others chose to make their own paths and open small businesses.
Both the Wall Street Journal and Forbes report that some entrepreneurial businessmen and women with new startups were recently hiring at "a red hot pace." In fact, Forbes notes hiring for entrepreneurial companies rose over 13 percent compared to last year, a much stronger increase than that of established companies, which reported hiring ...
Overtime Lawsuits Becoming More Common
2012-07-26
As USA Today recently reported, there has been an uptick in overtime pay lawsuits in the past several years. Last year saw a 32 percent increase in lawsuits seeking payment for overtime when compared to the past three years.
Some legal experts have theorized that the rise in lawsuits is directly linked to the country's ongoing economic downturn. As companies are facing rising costs and lower revenues, they are taking drastic measures to slash expenses. One surefire way to cut costs is to decrease the workforce, so massive layoffs and restructuring measures have many ...
Florida Housing Market Continues to Face Uncertainty
2012-07-26
The story of Florida's housing market continues to be one of foreclosures and distressed sales. Authorities expect over one million distressed homes to hit the market over the next year or so, including those subject to delinquent mortgages, bank-owned homes and a backlog of homes from the Robogate scandal. A legal case regarding the scandal is currently before Florida's Supreme Court. The distressed properties are concentrated in Orlando, Jacksonville, and across South Florida.
This backlog of distressed homes has worried financial professionals and real estate professionals ...
Financial Questions About Divorce in Tennessee
2012-07-26
Individuals facing divorce may have many questions regarding how property will be divided and what options are most economically promising given their individual circumstances. While a Nashville divorce attorney is the best resource if you are getting divorced, anyone can benefit from a basic understanding of how marital property is distributed under Tennessee law.
Equitable Distribution
Spouses and their attorneys may come to an agreement about how property will be divided upon the dissolution of the marriage. When such an agreement cannot be reached, however, a ...
OOIDA Challenges New Out of Service Criteria
2012-07-26
The debate over working hours for over-the-road truckers continues in federal court as the Owner-Operator Independent Drivers Association (OOIDA) filed a Motion for an Order to Show Cause before the U.S. District Court for the District of Minnesota. The motion asks Judge Donovan W. Frank to order the Minnesota State Patrol and the Commercial Vehicle Safety Alliance (CVSA) to show why they should not be held in contempt of court for violating several portions of a court order barring them from holding drivers out of service.
In 2009, OOIDA and driving member Stephen K. ...
Review Finds No Reason to Continue Use of Metal-on-Metal Hip Implants
2012-07-26
After several years of patient complaints and product recalls, a Food and Drug Administration (FDA) panel of health experts found that there is little reason to continue to use metal-on-metal hip implants in hip replacement patients.
Over the last decade, orthopedists have increasingly used metal-on-metal hip implants after early studies found the devices were less susceptible to wear than their plastic or ceramic counterparts. However, more recent studies and thousands of patient complaints have proved the devices actually have a higher rate of wear, leading to discomfort, ...
Bank of America Shareholder Suit: Civil vs. Criminal Liability
2012-07-26
Americans have heard plenty about financial fraud in recent years, due largely to federal enforcement of white collar crimes in the mortgage industry and related sectors. Investigations of financial wrongdoing can lead to criminal prosecutions as well as lawsuits initiated by shareholders and other interested parties.
A major shareholder suit recently filed in New York against Bank of America touches on some legal issues common to fraud lawsuits and federal white collar prosecutions. The case involves allegations that shareholders were kept in the dark regarding the ...
Just a Bump on the Head? Think Again. The Truth About Traumatic Brain Injuries
2012-07-26
Have you ever counted the number of times someone takes a spill on the hit show "Wipeout", or laughed at the falls people take on America's Funniest Home Videos? With more Americans leading active lifestyles, head injuries are becoming common, yet overlooked injuries that can have debilitating effects if not treated properly. People may hit their heads in falls or crashes may report immediate symptoms that quickly subside, but they may complain of lingering headaches and other cognitive issues weeks, or even months, later.
The Mayo Clinic defines traumatic ...
Harassed by Debt Collectors? You're Protected by Federal Law
2012-07-26
No one likes being pestered by debt collectors calling at all hours of the day, making empty threats and using language that makes one blush. Fortunately, a federal law known as the Fair Debt Collection Practices Act protects individuals from debt collector and creditor harassment. It also makes it illegal for debt collectors to use unfair, deceptive or abusive tactics to provoke people to pay up.
Debt collectors can pursue collection of credit card debt, auto loans, mortgages and even medical bills. They are hired by creditors to collect debts owed to them within a ...
LAST 30 PRESS RELEASES:
Novel stem cell therapy repairs irreversible corneal damage in clinical trial
News article or big oil ad? As native advertisements mislead readers on climate change, Boston University experts identify interventions
Advanced genetic blueprint could unlock precision medicine
Study: World’s critical food crops at imminent risk from rising temperatures
Chemistry: Triple bond formed between boron and carbon for the first time
How a broken bone from arm wrestling led to a paradigm shift in mental health: Exercise as a first-line treatment for depression
Alarming levels of microplastics discovered in human brain tissue, linked to dementia
Global neurology leader makes The Neuro world's first open science institute
Alpha particle therapy emerges as a potent weapon against neuroendocrine tumours
Neuroscience beyond boundaries: Dr. Melissa Perreault bridges Indigenous knowledge and brain science
Giant clone of seaweed in the Baltic Sea
Motion capture: In world 1st, M. mobile’s motility apparatus clarified
One-third of older Canadians at nutritional risk, study finds
Enhancing climate action: satellite insights into fossil fuel CO2 emissions
Operating a virtual teaching and research section as an open source community: Practice and experience
Lack of medical oxygen affects millions
Business School celebrates triple crown
Can Rhizobium + low P increase the yield of common bean in Ethiopia?
Research Security Symposium on March 12
Special type of fat tissue could promote healthful longevity and help maintain exercise capacity in aging
Researchers develop high-water-soluble pyrene tetraone derivative to boost energy density of aqueous organic flow batteries
Who gets the lion’s share? HKU ecologists highlight disparities in global biodiversity conservation funding
HKU researchers unveil neuromorphic exposure control system to improve machine vision in extreme lighting environments
Researchers develop highly robust, reconfigurable, and mechanochromic cellulose photonic hydrogels
Researchers develop new in-cell ultraviolet photodissociation top-down mass spectrometry method
Researchers develop innovative tool for rapid pathogen detection
New insights into how cancer evades the immune system
3 Ways to reduce child sexual abuse rates
A third of children worldwide forecast to be obese or overweight by 2050
Contraction inhibitors after 30 weeks have no effect on baby's health
[Press-News.org] Dividing a Military Pension in a North Carolina DivorcePart of dividing marital assets upon divorce is dividing pensions and retirement accounts, including military pensions, if either or both spouses are or were in the military during the marriage.