Is military retirement pay considered alimony?
Is military retirement pay considered alimony?
Your share of your ex-husband’s military retirement is considered alimony, deductible by him and reportable by you. If he pays you directly, report it under Alimony Received interview, under Less Common Income.
Is military disability divisible in divorce?
Federal law – specifically, the Uniformed Services Former Spouses’ Protection Act, found at 10 U.S.C. §1408 – exempts VA disability payments from division upon divorce. It is not an asset which can be divided at divorce as marital or community property.
Is military disability subtracted from retirement pay?
The amount the veteran receives in VA disability compensation is subtracted from the amount they receive in retired pay to avoid “double-dipping.” This subtraction is referred to as the VA Waiver.
How does disability affect alimony?
Disability Income’s Affect on Alimony Alimony won’t affect the amount you receive in SSDI benefits, but disability benefits are a factor in determining the amount of alimony you receive. Alimony payments are based on the spouse’s financial needs, earning potential and ability to work.
Are disability payments subject to alimony?
Supplemental Security Income (SSI) SSI payments cannot be garnished for the purpose of alimony or child support./span>
Who pays the most alimony?
Top 10 Highest Alimony Payments
- Neil Diamond & Marcia Murphy — $150 million.
- Amy Irving & Steven Spielberg — $100 million.
- Kevin Costner & Cindy Silva — $80 million.
- Kenny & Marianne Rogers — $60 million.
- James Cameron & Linda Hamilton — (more than) $50 million.
- Michael & Diandra Douglas — $45 million.
- Ted Danson & Casey Coates — $30 million.
Can my wife claim half my pension?
Where a couple is married in community of property, the pension interests of each spouse will form part of the joint estate, and each spouse will be entitled to claim 50% of the pension interest at the date of divorce./span>
Can I refinance my house in my name only?
There is only one way to have your spouse’s name removed from the mortgage: You will have to apply for a loan to refinance the mortgage, in your name only. In other words, the mortgage lender can still come after your spouse for repayment unless and until you refinance in your own name alone.
