QUESTION
My husband spent 401K while separated.
Asked on Oct 14th, 2014 on Family Law - Massachusetts
More details to this question:
My husband who lives in North Carolina and I (I live in Milford, Ma) have been separated for 1 year. I just learned that he has spent our entire 401K savings without telling me. What can be done about this?
1 ANSWER
Under Mass. law, the court may correct the waste of a marital asset by awarding you a similar amount from another asset, such as the equity in a house or an investment account. If your husband has access to other assets, it is recommend that you file for divorce promptly and request order preventing him spending any additional assets.
Answered on Oct 15th, 2014 at 5:28 AM