Posted on: 20th Apr, 2007 08:14 pm
My husband are in the process of getting a divorce, while we were married, he cashed in all of his 401k from his workplace, which he retired, and we spent the money together, putting things in both of our names, is this now considered community property at the divorce.
Which state are you in debrut? As community property laws do not apply in all the states.
If you are living in community property state and funds were mixed up then at the time of divorce it will be considered as community property. In such situation both of you will get a share as per the community property division laws applicable in your state.
Please mention which state you are in so that I can give you some information on whether community property laws are applicable in your state or not.
Miller
Please mention which state you are in so that I can give you some information on whether community property laws are applicable in your state or not.
Miller
Hi Debrut,
Welcome to Mortgagefit discussion board.
If you are living in a community property state then as joint funds were used then it would be considered as community property. But as Miller stated community property laws are not applicable in all the states. You need to tell us which state you are in.
Thanks
Blue
Welcome to Mortgagefit discussion board.
If you are living in a community property state then as joint funds were used then it would be considered as community property. But as Miller stated community property laws are not applicable in all the states. You need to tell us which state you are in.
Thanks
Blue