"Help - I Missed the Boat!" The Survivor Benefit Plan Open Season
One of the time limits in the military divorce process is the one-year deadline for the Survivor Benefit Plan, or SBP. The one-year deadline is often missed because the parties and their attorneys are unaware of this SBP time limit. Read more.
Primer on Former Spouse Medical Benefits
The most common question asked by a non-military spouse in a military divorce case is “What are my benefits?” While this may sometimes refer to a share of the military pension, allocation of the Survivor Benefit Plan or division of accrued leave, the usual meaning is “What health care benefits can I receive?” A summary of the answers is found in this article.
A Teaspoon of TSP
The military retirement system does not end with the pension and the Survivor Benefit Plan. Not to be overlooked is the third deferred compensation attribute of the system, the Thrift Savings Plan (TSP). This can be a valuable asset in property division, potentially containing tens of thousands of dollars of marital or community funds. Read more.