A divorce can be a trying time in anyone's life. However, a divorce where one member serves in the military can be even more complex, especially when considering what happens to a spouse's military pension after the divorce. The Uniform Services Former Spouse Protection Act allows non-serving spouses to have access to a military pension as a marital asset and enables them to be eligible for additional military benefits and rights, including health care, base access and a military ID card. Here are some things to consider when dividing up a military pension in the state of Florida.
There are multiple ways to handle the payout of a military pension during a divorce. These include a buyout at the time of the divorce (net present value), predetermined access when the serving spouse is eligible for the funds (deferred distribution) and court-determined access at the time of distribution (reserved jurisdiction). What is possible and preferable will depend on your unique circumstances.
Make the division of military retirement benefits easier with an experienced attorney. They'll know what to do in your situation. Call Laura S. Coleman at 850-665-3008 for the help you need.