Divorce and Social Security

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Like anything related to Social Security, the rules for people who are divorced start out straight forward, but can get very complicated as your situation changes. In general, you are entitled to “spousal benefits” based on your former spouse’s work record if:

  1. You are over 62
  2. You were married for at least 10 years
  3. Your former spouse is eligible to receive Social Security
  4. You have not  remarried

Loosely defined, “spousal benefits” are one-half of your spouse’s benefit amount.  The full definition is much more complicated, ...

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Pitfalls in divorce settlements

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A recent episode of “The Good Wife” featured a story line about divorce.  While the show is not intended to be a “how to” guide for legal issues, this episode highlighted the problems that arise during divorce.  The husband and sole income earner has several legitimate businesses and is one of the biggest drug dealers in the city.  The first settlement offer called for the husband to pay $100,000 per month in spousal support to the wife until their youngest ...

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