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How to Keep More of Your Military Retirement in a Divorce

military_retirement_divorce_2Whether you are still on active duty or currently in retirement, getting divorced can seriously impact how much of your military retirement benefits you will get to keep.  But what many people don’t realize is that there are specific rules in place to handle military retirement in a divorce, and those rules are the same no matter which state you live in.

Each state must abide by the same formulas, set forth by the Department of Defense relating to the calculation of military retired pay in divorce, so the only wild card in these cases is the percentage of a service member’s retirement that each party will receive.  There are a number of factors that go into this decision, but the most important ones are the length of the marriage, the relative income of the non-military ex-spouse and the health of the parties.  Learning about how these factors will impact a court’s decision is key to keeping your fair share of military retirement in a divorce, and for this you will need an experienced military divorce attorney.

Unlike most pensions, where money is set aside for later use upon retirement, military retirement pay is actually paid out of the federal budget every year and unless they have opted for a Survivor Benefit Plan, the family of the retired veteran is only given this pay while he or she is still living.  Also unlike pensions, military retired pay is adjusted for the cost of living, and instead of being paid based on years of service it is paid out on a points-earned basis.  Because of this, the non-military spouse will not only receive annual raises for the cost of living; he or she will only be entitled to the portion of the retirement pay points earned during the marriage. 

Unless your divorce lawyer is very familiar with the ins and outs of military divorce; it is likely that you could be giving up more of your military retired pay in a divorce than necessary.  For this reason, it is highly recommended that any current or former service member who is getting divorced first seek the advice of a military divorce attorney

Patricia Marrison is a Family Law attorney in Colorado Springs, CO. and the owner of the Marrison Family Law LLC, Colorado Springs largest Family Law practice.  The Marrison Family Law LLC is devoted to assisting with the difficulties of the breakup of relationships, be it common law marriage, a non-marriage with children, or dissolution with or without children. We attempt to serve the entire spectrum of relationships, from those couples with the simplest, uncontested dissolution to the highly conflicted relationship involving allegations of domestic abuse.

 

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The lawyers/attorneys at Marrison Family Law serve clients in the Colorado Springs area and throughout southern Colorado, including the Air Force Academy, Fort Carson, Peterson Air Force Base, Schriever Air Force Base, NORAD and the cities of Pueblo, Canon City, Cripple Creek, Woodland Park, Castle Rock, Monument and Parker.

Disclaimer:  The information on this website is not legal advice.  No attorney-client relationship is created via the information on this website.  Blog articles and other items on this website are for nonspecific informational purposes only. The information on this website is not intended to address your specific legal problem. All legal situations are unique and you should consult with a lawyer for guidance based on the facts of your legal case.  The laws of Colorado and different jurisdictions may change since the publication of articles on this site.  You should never act based on the information on this website without first consulting with a licensed Colorado attorney.  The Marrison Family Law LLC assumes no liability for the interpretation or use of information on this website.

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