Phone: 301-738-7770
Steven J. Gaba
Phone: 301-738-7770

Spousal benefits extend far after Maryland divorce becomes final

Most benefits of marriage cease when a Maryland couple goes through a divorce. Whatever level of companionship was in place within the relationship is now gone, and each individual moves forward in the life that they design. However, there may be one positive aspect of marriage that lasts long after the ink has dried on one’s divorce agreement.

Many people are unaware that they are entitled to a Social Security spousal benefit even after they have divorced their husband or wife. In order to be eligible, the claiming spouse must be unmarried at the time the claim is made. In addition, the marriage must have lasted for a duration of at least ten years, and both the claiming spouse and his or her ex must be at least 62 years old when the claim is made.

Having this resource available can make a world of difference to a divorced spouse. If an individual is able to begin claiming benefits on the work record of an ex at the age of 62, he or she can delay filing for their own Social Security benefits until a later age. This allows the individual’s own benefits to increase in value.

This information may be helpful to many Maryland residents who have already gone through a divorce. However, it is also beneficial for spouses who are preparing to divorce to understand how the end of the marriage can impact their own retirement planning. When considering various property division strategies, these and other financial considerations should be taken into account.

Source: ETF Trends, "Can You Collect on Your Ex? Social Security Eligibility After Divorce", , July 15, 2014

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