Understanding How Divorce May Influence Your Social Security (Part One)
As a Philadelphia family law attorney, I am often asked whether or not a divorce will affect social security benefits. This is a question that many individuals encounter throughout the United States, including Pennsylvania. From my experience as a divorce lawyer, and according to a Wall Street Journal article, there are a few points that may help clear up any confusion regarding social security retirement benefits based on an ex spouse’s work record.
In Part One of our blog series discussing whether or not a divorce will affect your social security, we will discuss four universal conditions that you must meet in order to obtain social security retirement benefits from your ex-spouse’s income. They are as follows:
- You cannot be re-married
- You had to have been married for at least 10 years
- Your ex-spouse has to be allowed Social Security retirement or disability benefits
- You must be at least 62-years old
In addition, some individuals may wonder if their retirement benefits will be reduced because of an ex-spouse’s entitlement to a portion of these funds. If an ex-spouse is to receive a part of your benefits, any sort of decrease should not be seen in what finances you are entitled to when you retire. Divorce affects lives in many ways but it does not have to turn your life upside down or burn a hole in your pocket. One of the most important things you can do is to stay informed about your legal options and know what factors, if any, may influence your financial stability.
If you or someone close to you is thinking about filing for divorce in Pennsylvania, seeking legal counsel from a skilled Pennsylvania divorce lawyer may be a productive step in the right direction. At the Law Offices of Sheryl R. Rentz, our family law attorneys know the ins and outs of Pennsylvania law as it pertains to family law, including divorce, spousal support, and much more. Call Sheryl R. Rentz today at 610-645-0100 for a free consultation.