Our office practices Family Law, and more specifically, we also draft military retirement orders for other attorneys in order to divide military pensions.
Far too often the attorneys do not understand the plan, nor do they understand what they are "giving up" to the other side by not knowing they have options. For example: The parties can divide a pension based on a formula calculated as of the actual retirement date, or use a formula that "freezes" the pension amount at the date of separation or divorce. These options have vastly different results, although there are legitimate reasons why one should more appropriate than another.
We give seminars several times a year and offer to answer questions for attorneys BEFORE the divorce settlement is negotiated. However, despite our efforts, we are rarely approached with such questions.
If you or someone you know is going through or contemplating divorce, the attorney handling the case should be aware of how the military pension works, and they ways in which it can be divided. If the attorney can't explain it, we are here to help. Please call us at 401-841-5700 or visit our website at www.CounselFirst.com. Do not wait until it is too late.
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