The ex spouse of a worker covered by social security may qualify for a benefit equal to 50 percent of the insured worker’s primary insurance amount while the worker is living and 100 percent of the insured worker’s primary insurance amount after the insured workers death. See: 42 USC 402(b)(2),(c)(2),(e)(2)(a), (f)(3)(A). The benefits paid to[…]
Every day or so, I receive a phone call from a potential client or lawyer concerning how to divide a pension plan in a Michigan divorce?Traditionally a pension benefit is a work related benefit where the benefit amount is defined by a pension plan. Unlike a defined contribution plan, which reflects a contributed benefit (think a[…]
A statute of limitations is a law that defines how long a person has to bring a legal action. In some cases, it simply is time to move on. For example, the current statute of limitations on unpaid child support is 10 years from the date the last payment is due. So, if your child[…]
How to divide retirement accounts in a Michigan divorce: When property is divided in a divorce, lawyers and judges typically focus on property acquired during the course of the marriage. Retirement accounts are considered property and come in all shapes and sizes. So what are the major types of retirement plans and how do we[…]