Legal Question in Family Law in California
Cashing out 401K
I cashed out my 401k before I was served with divorce papers. Is this still considered part of the marital assets to be divided? I used the money to pay off some community credit card debt
Asked on 4/25/07, 4:44 pm
1 Answer from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
Re: Cashing out 401K
Generally money that is spent during the marriage is gone and not left to be divided during the divorce. This is particularly true if the funds are used to pay community debts.
Answered on 5/08/07, 1:34 am
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