Gavel Insight

Dividing Pensions and Retirement Accounts in Divorce: A Vermont Guide for a Secure Future Navigating a divorce is emotionally challenging, and the financial complexities involved can add significant stress. One of the most significant assets couples often have is their pensions and retirement accounts. In Vermont, these assets are subject to division in a divorce proceeding. Understanding the nuances of how this division works is crucial to protecting your financial future. This article will provide expert insights and practical advice specifically tailored to Vermont residents facing this situation. ⚖️ Understanding the Basics of Property Division in Vermont Divorce Vermont is an equitable distribution state. This means that marital property is divided fairly, but not necessarily equally. Marital property generally includes assets acquired during the marriage, regardless of whose name is on the title. This includes pensions, 401(k)s, IRAs, and other retirement accounts...

Understanding Alimony Termination in Ohio ✅ Ohio Laws on Alimony Termination In Ohio, alimony—also known as spousal support—can be terminated under specific circumstances. The primary factors that lead to termination include: - The remarriage of the receiving spouse. - The death of either spouse. - A substantial change in financial circumstances. Under Ohio law (Ohio Revised Code Section 3105.18), spousal support orders are modifiable unless explicitly stated otherwise in the divorce decree. If a modification clause exists, courts may terminate or adjust alimony based on changes in income, employment status, or other significant life events. Legal Grounds for Alimony Termination ✅ Remarriage or Cohabitation of the Receiving Spouse If the spouse receiving alimony remarries, payments automatically terminate. However, proving cohabitation is more complex. Ohio courts require evidence that the receiving spouse is living with a new partner in a marriage-like relationship, sharing expe...