Am I in contempt of court if I cashed out my 401k before ex-wife's QDRO was submitted, but after divorce judgment which states that my 401k was to be split 50/50 with ex-wife. I have put the money in some family members accounts to hold it for me. What possible legal actions will I face?
1 Answer from Attorneys
You are in contempt under the circumstances you describe. The penalties can be severe. Contact a local attorney ASAP.