QUESTION
How do I protect myself in the event of a separation that my husband would withdraw all the money from the 401k plan?
Asked on Aug 02nd, 2015 on Divorce - California
More details to this question:
My husband has a 401k plan we have been married for 30 years.
2 ANSWERS
Upon your filing of a petition for dissolution or legal separation, your husband would be bound by the automatic restraining orders which would prevent him from raiding his retirement accounts. Were he to do so, you could seek to hold him in contempt of Court.
Answered on Aug 10th, 2015 at 3:30 AM
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Notice of your interest needs to be given to the plan administrator. You should bring a separation/divorce action and join the plan administrator. You should hire an attorney.
Answered on Aug 06th, 2015 at 7:52 PM