Tag Archive for: divorce asset division

401k and Divorce: Splitting Retirement Assets With Your Spouse

401K-divorceNew Jersey is an equitable distribution state, meaning that during divorce, marital assets and debts are divided between spouses fairly, but not necessarily equally. To carry out equitable distribution, the courts evaluate all types of assets differently and look at factors such as each spouse’s contribution to the marital asset. Retirement accounts, such as 401k accounts, however, are a special animal and are subject to particular rules when divided as marital property in a divorce proceeding. What can you expect when dividing this account in your divorce? Read more