Cindy Allen & Associates PLLC

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February 2016 Archives

Higher military divorce rates occur after leaving the service

There may be a perception held by some Oklahoma residents that military service members have higher divorce rates than civilian populations. In order to determine whether or not this is so, researchers from UCLA and the Rand Corporation analyzed data from 1995 to 2002 for military couples and civilians.

Smart financial considerations in divorce

Couples in Oklahoma who are divorcing may wonder how it will affect their finances. The first step comes in having a clear picture of the marital assets, debts and income. Some people may need to learn more about a part of the finances that the other spouse handled. It might be necessary to hire a professional to help.

Retirement assets in divorce

When couples in Oklahoma divorce, there are often significant questions regarding issues such as property division, alimony, child custody and child support. One area that is complex and that may easily be overlooked is the way retirement accounts are handled. This is particularly true if the parties are seeking a quick divorce.

Some of the Social Security implications of a divorce

An Oklahoma resident who is considering filing for a divorce might not think much about retirement implications if the marriage has been short-lived. However, those approaching 10 years of marriage could be at risk of losing spousal benefits that would be theirs if they delayed divorce action until after reaching the 10-year mark. Even after a divorce, those who have been married to a spouse for 10 years or longer are entitled to Social Security spousal benefits on an ex-spouse's earnings record. This is true even if the ex-spouse remarries. Timing the divorce or the claiming of those spousal benefits can make a difference in their value.