Dividing up present and future military retirement benefits in a Texas divorce
bryanfaganlaw
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bryanfaganlaw
Ongoing, First published Aug 05, 2019
divorcefamilyhoustonlawyertexas
Houston Divorce Attorney: It is not only retirement benefits that you are currently eligible for that can be awarded to your spouse in a Texas divorce. Future retirement benefits- ones that you are not even eligible for right now- are also fair game. The amount of basic pay payable to you for your pay grade and years of service is what a judge can award to your spouse, on a percentage basis. Let's consider an example so that you can get a clearer idea of what is at stake in terms of your potential obligation.

If your spouse is awarded 50% of your future military retirement benefits in your rank as a 15 year lieutenant then you would only get 50% of what your pay would have been if you had retired as a 15 year lieutenant. Your spouse would not be eligible to receive a full amount when you retired later on and achieved a higher rank and higher pay grade.

To konw more about any information please visit this link: https://www.bryanfagan.com/family-law-blog/2019/june/dividing-up-present-and-future-military-retireme/
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