Is debt a marital property?

Is debt a marital property?

In California, each spouse or partner owns one-half of the community property. And, each spouse or partner is responsible for one-half of the debt. Community property and community debts are usually divided equally. And, in a divorce or legal separation in California, it will be treated as community property.

What are military spouses entitled to?

Most also receive a variety of allowances, special pays and bonuses depending on things like deployment, paygrade and military job. For most married service members, those allowances include Basic Allowance for Subsistence (BAS) and Basic Allowance for Housing (BAH). Guard and Reserve pay work a little differently.

How long can a divorced spouse stay on Tricare?

Under the rule, you keep all TRICARE health care benefits for one year if you were married to the service member for at least 20 years, the service member served in the armed forces for at least 20 years, and the marriage and the period of service overlapped for at least 15 years.

Will I lose my ex husband’s military retirement if I remarry?

Military rules make it clear that when an ex-military spouse remarries, the non-monetary benefits he or she retained from her former service member spouse go away. Under most circumstances, a remarriage will not change how or if an ex-spouse continues to receive a portion of the military pension.

How much of my military retirement is my ex wife entitled to?

50%

Can ex wife stay on Tricare?

Former Spouses Former spouse’s benefits will end at 12:01 a.m. on the day of the divorce, unless he or she meet certain requirements. If these requirements are met, former spouses: Remain eligible for TRICARE. Will use their own name and health benefit number to get care and file claims.

Is a divorced spouse entitled to VA benefits?

Most monetary VA benefits, such as disability compensation and veterans pensions, simply remain with the eligible veteran following a divorce because payment is based entirely on their qualifying military service. As a rule, only current or surviving spouses and dependents factor into VA benefits decisions.

Will I still get Bah if I get divorced?

BHA offsets the cost of housing when members live off-base; not in a government-provided home. If you are getting a divorce, you can still receive BAH in most cases. However, a divorce may impact the amount of BAH you receive, and in some instances, may terminate your BAH altogether.

How much of my bah Is my spouse entitled?

⅓

Does my wife get Bah while I’m at basic?

If you are married and living with your spouse or minor dependents, you will either live in on-base housing or be given a monetary allowance called Basic Allowance for Housing (BAH) to live off-base. You will receive BAH Type II anytime you are on active duty for less than 30 days.

Is military Bah considered income?

The Basic Allowance for Housing (BAH) and Basic Allowance for Subsistence (BAS) are both nontaxable income.

Is military bah non taxable income?

While all pays are taxable, most allowances are tax-exempt. The primary allowances for most individuals are BAS and BAH, which are tax-exempt. Tax savings can be significant as BAS and BAH averages over 30% of a member’s total regular cash pay.

Can you gross up bah?

Since BAH is non-taxable, many lenders are actually able to increase the amount they use toward loan qualification through a process called “grossing up” the income.

Can I get Bah If I own a house?

There aren’t restrictions on BAH that limit service members to renting. You can use this monthly allowance to help you qualify for a VA loan and buy a home. And your BAH could cover most or even all of your monthly mortgage payment.

How long does it take for BAH to kick in after getting married?

He said that he can’t put in any of the paperwork for it or to get approved to live off base until we have the marriage certificate, and after all the paper work is filled out it takes about two months.

Is Bah paid twice a month?

They get paid twice a month; on the 1st and on the 15th. If the 1st or 15th land on a weekend, they get paid the Friday before. Your airman has more than likely set up a direct deposit to receive his pay, (do YOU have access to your husband’s/your joint account?).

Do you get to keep extra Bah?

BAH is meant to reflect current rental market conditions, which means service members are compensated for typical housing costs around their duty station. If you find a rental cheaper than your actual BAH, you can keep the difference. If you live on base, your entire housing allowance goes toward your living expenses.