Is it always a 50/50 split with divorce?

Is it always a 50/50 split with divorce?

Equality in Family Law means putting both parties in a similar position and invariably that means that it won’t be a 50/50, or an equal, split of the matrimonial assets in a divorce settlement.

Is my ex wife entitled to my pension if I remarry?

Answer: It depends on how the order was issued that granted her the pension benefits. However, if the pension benefits were part of a maintenance or alimony provision, then they probably should be stopped if she remarries. It is common for the order to state the maintenance stops if she remarries.

Who gets my Social Security money if I die?

Your family members may receive survivors benefits if you die. If you are working and paying into Social Security, some of those taxes you pay are for survivors benefits. Your spouse, children, and parents could be eligible for benefits based on your earnings.

How much can I earn in 2020 and still collect Social Security?

In 2020, the yearly limit is $18,240. During the year in which you reach full retirement age, the SSA will deduct $1 for every $3 you earn above the annual limit. For 2020, the limit is $48,600. The good news is only the earnings before the month in which you reach your full retirement age will be counted.

How much of my SS will my wife get when I die?

As noted above, if you have reached full retirement age, you get 100 percent of the benefit your spouse was (or would have been) collecting. If you claim survivor benefits between age 60 (50 if disabled) and your full retirement age, you will receive between 71.5 percent and 99 percent of the deceased’s benefit.

Can a grown child collect parents Social Security?

Within a family, a child can receive up to half of the parent’s full retirement or disability benefit. If a child receives survivors benefits, they can get up to 75 percent of the deceased parent’s basic Social Security benefit. It can be from 150 to 180 percent of the parent’s full benefit amount.