Divorce Decrees Divorce decrees often require one party to carry life insurance for
the benefit of the former spouse or children.
Divorce Decrees Divorce decrees often require one party to carry life insurance for
the benefit of the former spouse or children.
However, you must recognize gain or loss if, incident to your divorce, you transfer an installment obligation in trust for
the benefit of your former spouse.
Not exact matches
If your
former spouse is caring for your child who is under age 16 or disabled who gets
benefits on your record, they will not have to meet the length -
of - marriage rule.
In addition, the Starbucks College Achievement Plan education
benefit expanded to provide partners who are current or
former members
of the U.S. Armed Forces with an additional tuition - covered education to extend to a
spouse or child.
If we draw Social Security
benefits at FRA on the
former spouse's earnings and postpone taking Social Security
benefits based on our earnings history, we can take advantage
of that 8 % per year
benefit payout increase effectively increasing our lifetime payout by as much as $ 100,000 to $ 200,000!
Timothy Lannon, President
of Creighton University, my
former employer, has announced that starting in 2015 the school will provide
benefits to legally married same - sex
spouses.
However, if you and your
former spouse can work together and communicate civilly for the
benefit of your children, the original family unit can continue to be a source
of strength, even if stepfamilies enter the picture.
The last one I'll say is a little rarer, but it can affect a lot
of people, a lot
of individuals with an ex out there, I know you don't want to stay in contact with them, but if you were married to them for at least 10 years, you kind
of should, because if you're going to take a spousal
benefit, your ex-
spouse, I mean assuming you're not remarried, one
of your
former spouses, might be a better
benefit than your current
benefit, or a subsequent
spouse.
If your first and your second marriage each lasted over 10 years, you might qualify for
benefits as the ex
of two different
former spouses, although you can only claim one
of those
benefits.
You are caring for a child who is under age 16 or disabled, and who gets
benefits on the record
of your
former spouse.
Even the death
of a
former spouse may not stop the payments if your decree states that his / her
benefit will continue to be paid to the court or the estate or children upon your
former spouse's death.
If your decree awards any kind
of a survivor
benefit to a
former spouse, you will need to have a conformed «fuzzy seal» copy to send in with your retirement application, so now is the time to go back to the courthouse where you were divorced and get that «fuzzy seal» copy
of the original decree and any modifying orders.
As a general rule, the CRA will look at the parties» net income
of each
former spouse / partner to determine their respective entitlement to the Canada Child Tax
Benefit («CCTB»).
As a general rule, the CRA will look at the net income
of each
former spouse / partner to determine their respective entitlement to the Canada Child Tax
Benefit («CCTB»).
The result is that you could receive the higher
of benefits based on your own work history or half
of your
former spouse's
benefit, even if he or she has remarried.
On a later application to vary, a judge will have to decide, with the
benefit of hindsight, whether it would have been appropriate to suspend enforcement
of the support order during the time when the
former spouse was unable to pay, or whether at least a temporary reduction in the child support payments would have been in order.
Spouses, former spouses, and minor or disabled children of a deceased person may also be entitled to survivor benefits from the Social Security Administ
Spouses,
former spouses, and minor or disabled children of a deceased person may also be entitled to survivor benefits from the Social Security Administ
spouses, and minor or disabled children
of a deceased person may also be entitled to survivor
benefits from the Social Security Administration.
Examples
of instructions in the original decree that a
spouse may not comply with include payment
of child support, adding minor children to a work health insurance policy, or adding the
former spouse as a beneficiary on a life insurance policy for
benefit of the minor children.
As the custodial parent, the amount you receive depends largely on the extent
of your
benefits — and any other income you receive — relative to the income earned by your
former spouse.
If you make a transfer
of property in trust for the
benefit of your
spouse (or
former spouse, if incident to your divorce), you generally don't recognize any gain or loss.
The agreements typically require the deferred division
of these unvested assets meaning the employee
spouse must maintain the
benefits for their
former spouse and the
former spouse must be diligent in watching for vestings long after the divorce is finalized.
Understanding which factors a judge looks at in making decisions, as well as the importance
of being able to communicate with your
former spouse, will ensure a custody arrangement that
benefits both parents and the child.