Dividing a couple’s financial assets during a divorce can be tricky if you are not versed in how all the components work and function. During this process, many questions come up, and how social security is handled is a common area of concern.
When you choose the collaborative divorce process, there will be a team of experts that you can access. One of them is a financial neutral specialist. This expert will help both of you navigate asset division, including how social security will be handled.
To determine if you are eligible to receive your ex’s social security benefit, here are some questions to ask:
- Have you remarried?
- Are you over the age of 62?
- Does your spouse qualify to collect the social security benefit?
- Were you married to your partner for more than 10 years?
Answer these questions and share your answers with a financial neutral divorce specialist to determine qualifications and the amount you may receive.
During the collaborative divorce, your financial specialist will not only be able to help you navigate the waters of social security, they will also:
- Provide neutral ongoing, practical financial guidance
- Assist with the discovery process by gathering and organizing documentation and information
- Confirm both parties have a thorough understanding of their current financial landscape
- Educate the clients on the economic consequences of the settlement plans being considered
Our team of experts can help you make the right decisions regarding your finances.
The Collaborative Practice San Diego is a nonprofit, multi-disciplinary referral network of independent professionals of attorneys, mental health professionals and financial advisors working together to learn, practice, and promote Collaborative processes for problem-solving and the peaceful resolution of family law issues, with an eye toward preserving the emotional, as well as the financial assets of the family.
Contact us today to see how we can help you and your spouse work towards a peaceful divorce resolution.
Note: This information is general in nature and should not be construed as legal/financial/tax/or mental health advice. You should work with your attorney, financial, mental health or tax professional to determine what will work best for your situation.