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September 2018 Archives

Technology problems make for fluctuations in veterans' benefits

Students in Florida and nationwide who are veterans are entitled to receive payments toward their housing expenses through what is called the GI Bill. The Department of  Veterans Affairs has confirmed that software glitches made payments for housing allowances in August smaller than veterans' entitlements under federal law. In fact, veterans have suffered various paperwork glitches over the past 10 years that have kept their veterans' benefits inconsistent and in a state of periodic chaos.

Getting a prenup

Couples in Florida who are considering getting married can use a prenuptial agreement to specify what each party will be required to give up or pay if a divorce takes place. People who get married without having a prenup in place will find that what happens to their assets in a divorce will be determined by the laws of the state in which they reside.

Estate planning: Health care directives pattern state law

People may tend to confuse a health care proxy with a living will. They are two different legal instruments in estate planning that produce two distinctly separate outcomes. Each state, including Florida, will have statutory rules that define the requirements of each of these, but in general most states will achieve the same outcome with little real deviation.

Women, divorce and retirement

Women in Florida who get divorced are likely to experience a more negative impact on their finances than men. According to a 2008 study, divorced women tend to experience a 20 percent drop in their income while their ex-spouses actually experience an increase in income of about 33 percent.

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