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Relationship Discussion (non-explicit)
Reply to "How do you “feather your nest” in preparation for a divorce? "
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[quote=Anonymous][quote=Anonymous]You can put joint savings in a 529 anytime. You could also buy a convertible with joint savings, or give it to a friend. If it’s something like 100k in savings I would split it in a 529 for both kids. Better than paying him half. [/quote] A 529 is a marital asset, part of the marital estate. It will be divided equally, and each parent will control half of it. If the ex-DH wants to pay the penalty, withdraw the money, and spend it on himself, there's nothing you can do. It does happen. Buy a convertible, it goes into the marital estate, and he owns half of it. If she wants to keep the convertible, she pays him half its value. If you give it to a friend, then when the judge finds out about it (and he will), then he will make you pay half that amount to your ex-DH. Face the facts - you are going to pay him half.[/quote]
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