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Posts tagged "Divorce"

Divorce in Arizona after 50 may come with financial consequences

Women who have relied on their husbands to make the financial decisions in their marriages may encounter problems should the marriage dissolve after many years. In Arizona and elsewhere, not only could gray divorce -- or divorce after the age of 50 -- mean a significant loss of income, it could also spell the need for some, mostly women, to learn to manage finances on their own. In fact, more than 55 percent of married women leave the financial aspects of their marriages to their husbands.

Dealing with debt is an important part of divorce proceedings

When an Arizona couple decides that the marriage is no longer viable, there are a number of things that must be considered. Typically, who will get the house and how will assets be divided are top of mind during the initial divorce negotiations. However, in addition to these important decisions, how debts will be handled needs to be addressed.

Discussing child support and the costs it can cover

Misinformation is an unfortunate part of life nowadays, and when it comes to the world of family law and divorce, there are plenty of ideas that have been pushed around that are either inaccurate or false. One of these ideas is the notion that child support payments can only be used in certain circumstances, or that the payments are limited in their scope. We are here to tell you that this is wrong. Child support payments can be used for many different financial costs.

Double Dipping - Military Retirement Pay and VA Disability Pay

Most people who served or are/were married to someone who served, have heard that you either draw Military Retirement Benefit or VA Disability Compensation. The basic principal behind this is that you cannot double-dip from both money pots. As such, especially in light of the fact that someone can "waive" their Military Retirement(which is taxable) and get VA Disability(not taxable) instead, to get a couple extra dollars, most people choose the tax-free VA money as soon as it is an option.

Military Retirement Division in Arizona Divorces

If you or your spouse are a retired service member that is divorced or divorcing, I have some news for you: in Arizona, the benefits that are received for military retirement can, and likely will be divided, in part, between you and your (soon-to-be) former spouse. That is because Arizona is a Community Property State, which in a nutshell means that any property interest acquired by either spouse during the time of the marriage belongs to both people and at divorce can be split in half.

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