WHAT CAN HAPPEN IF A RETIREMENT PLAN IS NOT INCLUDED IN THE DIVORCE ORDERS?
This one comes up a lot. Leaving a retirement or investment account out of the divorce paperwork can be a disaster. If you catch it early, it is fairly easy to fix but do not wait. The main problems are: 1. If the account (401k, etc.) is not included in the divorce decree, some plans won't divide it so you can get to it; that is especially true of certain types of retirement accounts. AND: 2. If the account in just one party's name, that party may be able to drain the acco