Understanding Marital Assets
I’m Tulsa divorce attorney Palmer Johnson. When going through a divorce, it’s important to understand what qualifies as marital assets. Marital assets are typically any property or money earned or acquired during the marriage. This can include retirement accounts, like a 401k, that were contributed to during the marriage.
Equitable Distribution
Equitable distribution does not necessarily mean a 50/50 split of assets. Instead, the court will consider various factors to determine what is a fair division of assets. Factors may include the length of the marriage, each spouse’s financial situation, and contributions made to the marriage.
Consultation for Personalized Advice
If you are considering a divorce and have questions about how your spouse’s 401k may be divided, it’s important to seek personalized legal advice. I offer low-cost consultations to help answer your specific questions and provide guidance on your unique situation. Contact me at 918-770-7117 to schedule your consultation today.