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The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
Following a divorce, if the marriage lasted 10 years or longer, an ex-spouse can collect a Social Security benefit on his or her former spouse’s record.That’s true even if the former spouse ...
Courts have struggled to understand how to implement this. The result is that many times the military member's promotion enhancements, due to sole effort after the divorce, are divided to the ex-spouse. The Area Method is a straightforward method to equitably divide retirement pay in this situation for an Active Duty or Reserve retirement. [14]
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The Military Spouse Scholarship Program gives funding to spouses of service members pursuing career and education goals. Because of common setbacks caused by frequent military moves and underemployment, these scholarships help spouses achieve their goals and provide their family with financial stability, especially helpful if a service member ...
Key takeaways. VA loans are designed for military members, veterans and their spouses. Spouses can qualify for a VA mortgage by being an active service member, a veteran or by being a civilian co ...
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