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fifty five years old, was an introvert, a sort A persona, with no associates around him -besides me, throughout our marriage, he couldn’t cope together with his deep failures throughout his careers, He was enlisted within the Navy, after which grew to become a Naval Officer, retiring at the rank of Lt Commander, with me always at his aspect . Then, he became an IT consultant knocking down a 6 determine income. But he decided he wished to start out his personal enterprise, and took his 401K and cashed all of it in , together with over a hundred K. Only 1 yr later, the enterprise went bust. My husband of 34 years walked out of our marriage on September 16th, 2013, and was so emotionally devastated, and hurt, that I could barely chock down meals for days, and days, as a result of even chewing meals was painful with no appetite at all. I would wake up, drink my espresso, and switch proper round and go back to mattress, or cry for hours within the rest room towels, so my sons couldn’t hear me. Also, the man claims in court is that since his wife abandoned him with none legitimate cause, granting her divorce would amount to allowing her to reap the benefits of her personal wrongdoings. Hence, he claims that court docket can’t grant divorce to her except he comes up with legitimate reasons supported by proof. I got out of my marriage with the clothes on my back, my pickup, what I may toss in the mattress of the pickup, an IRA I’d established and solely contributed to earlier than my marriage, and my kitty. There was additionally lots of debt from the marriage, and I paid off what I may. But no less than I received out. It would have been lots worse if I’d stayed. I don’t doubt that I would have ended up homeless or in jail. What obtained me out was discovering that he was utilizing medication. I don’t understand how lengthy it will have been earlier than the police held each of us responsible for something I knew nothing about till lower than 14 days before I left. Without that millstone around my neck, I was able to go back to school, get an education, get a level, and get a real profession. I am able to really save and invest for today, tomorrow and for retirement. I have emergency financial savings. I actually have retirement financial savings. I actually have investments. I would have none of that had I stayed with him. My question is, I was married for 12 years. Do I numerous to get his 401K? I know I’ll get SS. I got divorce in Texas. If he had gotten advice earlier than he cashed it out, he’d know he can be taxed on it, so he owes the taxes for cashing it out. It is his tax burden, not yours, and since transfers between spouses incident to divorce aren’t taxable, he doesn’t owe gift tax. As to whether he
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