Many Missouri family law attorneys who have been in practice since September 11, 2001 have experienced an increase in their cases involving families with Military retirement plans. In today’s blog we discuss a potential pit fall when dividing a marital interest in these plans.
In the years following September 11, 2001 the United State’s Military experienced a measurable increase in the numbers of people enlisting in its various branches. Along with the increase in enlistment came an increase in the payment of military benefits, including retirement benefits and disability benefits.
From the year 2000 to 2013 the number of military veterans receiving disability compensation from the Department of Veteran Affairs (VA) increased by nearly 55 percent and spending for those benefits almost tripled during that same period of time. With the increase in the number of veterans receiving some level of disability payment, it is incumbent on your Missouri family law attorney to be aware of the potential impact of a VA disability award on the receipt and division of military retirement benefits.