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Munster Indiana Family Law Blog

How to protect your assets

If you and your spouse are going through a high contested divorce, you may want to protect your assets. This can be increasingly difficult depending on how long you have been married. Couples that have been married for 20 plus years may have more difficulty keeping their assets separate than a couple that has been married for less than 5 years.

Find out how much money you have and where it is

Is your ex entitled to a portion of your 401k?

Dividing property and assets during a divorce can be cumbersome. There may be anger, pain and frustration, and you and your spouse may fight over some items more than others.

When it comes to splitting your assets, you may think of bank accounts, insurance policies or the house. But what about your retirement account? Is your soon-to-be ex-spouse entitled to your 401k, too? The answer is yes, and if you need to split it, you'll need a qualified domestic relations order.


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