Marital property is defined as all property acquired during the course of the marriage by either party, no matter in whose name the property is held, other than property acquired by gift, inheritance or bequest. Your 401K is such property regardless whether your husband refused to have one of his own; it appears to be […]
Marital property is defined as all property acquired during the course of the marriage
by either party, no matter in whose name the property is held, other than property
acquired by gift, inheritance or bequest.
Your 401K is such property regardless whether your husband refused to have one of his own;
it appears to be marital property in which your husband will have a claim. Shifting the money to another account or contributing future income or assets to a different account will not help. He will have an interest in any such account. The only resolution is to enter into a post nuptial agreement or perhaps separation agreement, depending on your relationship, in which you spell out exactly what is marital and what is to be separate property. This must be done by a competent, experienced attorney in order to be sure that it will have legal authority.
If you’re living in the New York City metropolitan area, I suggest you call me at 212-370-1660
to discuss the matter at greater length.
Leonard M. Weiner, Esq./Divorce Solutions