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Posts tagged "retirement benefits"

Key Points of the New Military Blended Retirement System

The new Blended Retirement System (BRS) created under the 2016 NationThrift Savings Plan.jpg Defense Authorization Act is a retirement system that blends the traditional legacy retirement pension with a defined contribution to Service members' Thrift Savings Plan account. This new Blended Retirement System goes into effect on January 1, 2018. 

An Overview of Military Disability Pay in Massachusetts

How would you describe your Massachusetts marriage? If you are currently considering a Massachusetts military divorce, Military boots.jpgyou might say "it's complicated." When one spouse is receiving military disability pay, you might think this makes the divorce process complicated as well. It can be difficult to understand how military disability pay factors into your divorce. However, by obtaining basic information about the division of disability pay, you may be able to eliminate the phrase "it's complicated" from your divorce vocabulary.

Alimony: Exceptions to Durational Limits in Massachusetts

The Massachusetts alimony reform statute states that "alimony awards whichMoney Fight 1.jpg exceed the durational limits established shall be modified upon a complaint for modification without additional material change of circumstance, unless the court finds that deviation from the durational limits is warranted." The court must then look to whether deviation is "required in the interests of justice."

Why You May Need an Expert to Assist in Your Massachusetts Divorce Case

Depending on the nature and complexity of the issues in dispute in your Massachusetts divorce orExpert team.jpg child custody matter, your attorney may recommend that you engage the services of non-lawyer professionals to assist with certain aspects of your case. The cost of retaining non-lawyer professionals can add to your legal expenses. Therefore, your attorney must weigh the cost to you of retaining a specific professional with the legal necessity and the added benefit to your case. If your attorney recommends that you retain another professional, it is likely because he/she has deemed it essential to supporting or defending certain positions or claims that are necessary to helping you achieve a certain result. In some situations, you and your spouse may be able to agree to jointly engage the services of a necessary professional, such as a real estate appraiser, and share the cost of the professional's services to keep your expenses to a minimum.

Important Retirement Moves For Recently Divorced Massachusetts Couples

Couples who have recently finalized their Massachusetts divorce and divided upRetirement Sign.jpg assets are understandably eager to move on to the next phase of their lives. But closing the book too hastily on your previous relationship could result in some unintended financial consequences.

U.S. Supreme Court Prohibits Indemnity Waivers For VA Disability Payments

On May 15, 2017, the U.S. Supreme Court issued a decision in Howell v. Howell,Military 25.jpg prohibiting states from ordering indemnity when a servicemember waived a portion of military retirement in return for VA disability payments.

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