During military divorce, how does the law divide retirement pay?

Under Arizona law, nearly all assets and debts that either spouse acquires during the marriage become part of the marital estate. In addition to real property, like houses and cars, marital property may include bank holdings, investments and retirement plans: including military pensions.  During a divorce, a retirement plan may be subject to division by the court in …

Withdrawing your portion of a 401k

Your divorce is bound to bring with a certain deal of uncertainty. Years and years of married life have likely led you to expect a specific standard of living, yet achieving that after your marriage is officially over may be difficult (especially without your ex-spouse’s income supporting you). Alimony (spousal maintenance) may be an option, …

Dividing up a retirement plan during a gray divorce

Couples over the age of 50 may sometimes hesitate in getting a divorce because of Arizona’s community property laws. Generally, the court divides all property, assets and funds acquired during a marriage equally between both spouses. When dissolving the union seems like the most practical method to find happiness, understanding how retirement plans split up …