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Reply to "Withdrawing money from 401K/retirement account before divorce-- implications?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here, so what will happen with the money that has been withdrawn and cannot be traced to a bank account? [/quote] The court doesn’t care where it is. The withdrawal is recorded so the spouse who withdrew it will have it counted as an asset in the division, assuming that it was withdrawn in the recent past. [b]The court isn’t going to look back 5 years, but it will care about recent transactions[/b]. [/quote] If the spouse without the account tells their lawyer about this, they absolutely will look into where the money is. And any good lawyer is going to ask their client about all marital assets, including 401ks.[/quote]
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