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Question
IN A MUTUAL AGREEMENT FOR DIVORCE, WITH NO PARTY AT FALUT, WHO HAS TO MOVE OUT OF THE HOUSE,UNTIL OUR PROPERTY HAS BEEN DIVIDED?
ARE BOTH OUR 401K ADDED TOGETHER AND THEN DIVIDED?
THANKS!
Dear Garry,
How assets are divided depends on the state you live in. Use divorcesource.com to learn the divorce laws of your state.
Sometimes divorcing couples live in the same home until the house is sold and the money is divided- this reduces money going into another home/ apt where you have to set up phone and other utilities.
As far as the 410K's you may want to speak with a lawyer or accountant regrading how to best handle this tax purposes.
For more info on divorce visit equalityinmarriage.org and amml.org.
I hope this was helpful.
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Answers by Expert:
Equality in Marriage Institute
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As a non profit organization commited to assisting and supporting men and women through their divorce transition, we will answer any questions -from how to get yourself on your feet after being served with divorce papers, questions to ask your lawyer, how to appeal or modify your judgement and the different ways to end your marriage to how to empower and care for yourself, the benefits of joining a support group and how to manage your divorce process. Please note that we are not lawyers, financial advisors or therapists. The information given is intended to provide you with direction towards resources, websites, and answers that can help you through your transition.
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