Couples going through a divorce typically divide all marital assets, including the equity in their home, as part of the divorce settlement. The question of how each spouse will receive a fair portion can often become contentious. Here is a look at how to protect your equity in a divorce
What Happens to Your TSP During a Divorce?
One of the more complicated assets to contend with in a divorce is retirement savings, particularly when one or both spouses are employed by the federal government. Here is a look at what happens to a Thrift Savings Plan, known as a TSP, during and after a divorce. What Is a TSP? First, it is
How Is My FERS Retirement Affected In My Divorce?
When a federal employee gets a divorce, the question of how their federal benefits will be divided is a complicated one. Learn more about how FERS retirement is impacted by divorce. What Are FERS Retirement Benefits? FERS is a three-tiered retirement program for U.S. federal civilian employees. A
What Is FERS?
The Federal Employee Retirement System, or FERS, is a retirement plan that is provided to all U.S. civilian employees. Anyone who works for the judicial, legislative or executive branch of the federal government can receive FERS. However, it does not apply to employees of state and local governments
How Is A TSP Divided In Divorce?
A major concern for both spouses in a divorce is securing their financial future. In addition to dividing physical assets such as homes and vehicles, the matter of retirement accounts plays a central role in the proceedings. One retirement plan of particular importance to federal employees is a
Can A Divorce Affect My Security Clearance?
Most people going through the divorce process do not consider the effect that a divorce may have on their careers. Unfortunately, divorce can sometimes impact an employee’s security clearance. Divorcees who have jobs that require a security clearance should consult with a family law attorney who is
How Is My TSP Affected During My Divorce?
A thrift savings plan (TSP) is a type of retirement investment program available to federal employees and members of the uniformed services. This defined contribution plan offers federal workers many of the same benefits that are available to employees in the private sector. A TSP is a
How Divorces Change For Spouses With A High Net Worth
Divorce can be complicated regardless of income or assets. However, couples with a high net worth often face many challenges that can considerably extend the process. Investopedia defines a high net worth individual as a person with liquid assets of more than one million dollars. Although high
