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Posts tagged "Property Division"

How to properly divide a 401(k) in divorce

When a couple in New York chooses to get a divorce, marital property must generally be divided. If the assets include 401(k) plans, proper steps must be taken to ensure that everything is divided properly. Failure to do so could result in penalties and taxes owed. A 401(k) or other qualified workplace retirement plan will be divided in accordance with a qualified domestic relations order (QDRO).

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