QUESTION
my husbands 401k was started during our marriage, we have been married for 14 years am I entitled to half of it when we divorce?
Asked on Mar 19th, 2014 on Divorce - New York
More details to this question:
we decided to separate last May. I have recently found out that he converted his 401k into two ira accounts in October. He also took out $11,000.00 from those accounts in November and deposited into his personal checking account. Am I entitled to half of THAT amount?
1 ANSWER
Under the circumstances you describe the 401k is a marital asset subject to equitable distribution. However, with regard to the $11k, more information is needed. Consult a local divorce lawyer and discuss the situation in detail.
Answered on Mar 20th, 2014 at 6:25 PM