Relationship Breakup & Divorce Advice - How to determine who gets a 401k in a divorce
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Hello, have you ever wondered how to determine who gets the benefit of your 401K, at the
time of divorce? I'm Dr. Felicia, and I'd like to share a few tips with you. First place,
nine out of ten times, you signed a financial affidavit with your divorce attorney, at the
time of divorce, so many circumstances vary with this one, and depending on your jurisdiction
within your divorce, what state you're in, and what county. The other thing also depends
on the benefits administrator. You might want to check with them, in terms, of if you can
assign a 401k to someone else, or not. The other thing is, that also you may be able
to work out a trade, where in lieu of breaking up your 401k, you may be able to give some
other asset, so that you can keep your retirement plan intact. These are all things that should
be discussed with your attorney, and they should also be certainly in line, with what's
happening in your jurisdiction. Most people have other assets, if they have a 401k, so
you should be able to work some kind of barter out, if possible. With that in mind, I would
like to say good luck to you, and please always consult your attorney, on these matters. Thank
you, and have a great day. Dr. Felicia.
