Cindy Allen & Associates PLLC

Phone: 405-310-8673

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December 2016 Archives

Facing the end of a lengthy marriage

These days, it is not uncommon for those in Oklahoma and elsewhere to divorce after 20 or 30 years of marriage. In some cases, a married couple realizes after the kids are gone that they are no longer compatible. In others, one spouse may find another companion, which leaves the other no choice but to ask for a divorce. In 2014, divorce was twice as common for those 50 or older compared to 1990.

Claiming Social Security benefits after a divorce

Oklahoma couples whose marriages are ending may wonder how the divorce will affect their retirement plans. As long as a marriage lasted for 10 years or longer, the lower-earning spouse will be able to claim Social Security benefits based on the higher-earning spouse's earnings records. They can claim spousal Social Security benefits no matter how many years ago they divorced, just as long as they haven't remarried.

Don't forget to divide the complicated marital assets

Most Oklahoma couples who are ending their marriages likely have a few major financial issues on their minds. They may be thinking about how they will divide tangible property like the marital home and cars as well as how to split bank account balances evenly. Reaching agreements about child and spousal support are often high on the list of priorities as well.

Relocating and how it may impact children

After Oklahoma couples with young children have divorced and have had child support and parenting time orders put into place, one parent may later want to relocate. Parents should think through planned moves before completing them in terms of how it will affect their children and their relationship with them.

Military pensions and benefits in divorce cases

When service members and their spouses divorce in Oklahoma, military pensions and benefits may need to be addressed during property division. These assets are subject to division just as civilian retirement accounts and pensions are, although there are a few specific rules that are different.