What does 50/50 mean in a divorce?
Table of Contents
What does 50/50 mean in a divorce?
In a 50/50 split, each spouse will receive half of marital properties and half of marital debts. If you have questions about how a judge might divide your property, ask an attorney for more information.
What states are not 50/50 in a divorce?
Equitable distribution is a method of dividing property at the time of divorce. All states except for Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin follow the principles of equitable distribution.
Does Social Security count as income for alimony?
For alimony determinations, all types of Social Security benefits count as income.
Can I collect alimony and social security?
We can withhold Social Security benefits to enforce your legal obligation to pay child support, alimony or restitution. State laws determine a valid garnishment order. By law, we garnish current and continuing monthly benefits. You cannot appeal to Social Security for implementing garnishment orders.
Is Social Security subject to alimony?
Under Section 459 of the Social Security Act, Social Security benefits are subject to withholding, garnishment and other similar legal proceedings for spousal or child support debts. In cases involving a judgment for unpaid alimony, the act also permits garnishment of benefits for related court costs and penalties.
Does Social Security count as income in a divorce?
Under federal law, Social Security benefits may not be divided as community or marital property upon divorce. Unlike other assets, a person does not “buy” Social Security benefits or otherwise acquire them in a transaction.
