If you are in the process of filing for a divorce in the state of Tennessee, you may be worried about how the assets will be divided. Unfortunately, many divorcing couples struggle financially in the aftermath of a divorce, because they have to maintain a home and a family lifestyle with one income instead of two.
No, unlike military retirement pay, VA Disability Compensation cannot be divided during a divorce. This is made clear in the Uniformed Services Former Spouses' Protection Act. VA disability benefits are treated differently from military retirement benefits, which can be divided during a divorce.
Cohabitation has become increasingly common for a number of reasons, including the changing concept of what it means to be in a relationship with someone and the vanishing social stigma against it.
The Tax Cuts and Jobs Act (TCJA) has led to major changes to the tax code. One specific change will directly impact divorce. This change involves how the Internal Revenue Service (IRS) will tax alimony payments.