401K division question
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401K division question
| Thu, 11-16-2006 - 3:31pm |
Can anyone tell me how there 401k got divided.
I plan on divorcing my husband early next year and will get half his 401k per michigan law. But I don't know if it will be sold and then we split what is left after paying taxes. Or if they just transfer half the money into my account.
I know I need to ask my lawyer this, but I am not seeing her for another several days and was just wondering how it worked for other people.
Thanks
Vailgal
I plan on divorcing my husband early next year and will get half his 401k per michigan law. But I don't know if it will be sold and then we split what is left after paying taxes. Or if they just transfer half the money into my account.
I know I need to ask my lawyer this, but I am not seeing her for another several days and was just wondering how it worked for other people.
Thanks
Vailgal

~calla~ mom to rosie and gracie