Is 401k a marital property?
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Is 401k a marital property?
Your 401k will go into the marital pot along with any other assets or debts you have acquired during your marriage. In divorce, everything is negotiable. A 401k is split with what is called a Qualified Domestic Relations Order (QDRO).
How bad does a divorce hurt your credit?
Getting divorced Actually filing for divorce doesn’t directly impact credit scores, but if you have late or missed payments on accounts as a result, it may negatively impact credit scores. In community property states, property – and debts – acquired during the marriage are generally owned equally by both spouses.
What happens if you hide money in a divorce?
Hiding assets during a divorce is sneaky, unethical and illegal – and it happens much more frequently than most women suspect. Many couples have complex financial portfolios. Not only can this be used to help determine alimony and child support, but it also serves as a tool to help detect hidden assets or income.
