What Do I Do Next?


#1

My divorce was finalized on December 14, 2011. My ex-husband had to sign a quit claim deed for our house and I will attempt to finance it in my name only. He also has to provide me with $10,000 from his 401k plan and I can put it into my current employer’s 401k or whatever account I want, as the decree states.
What should I do next now that he has signed the quit claim deed? Should it be presented to my mortgage lender? I am unsure how to proceed.
He has 90 days from our date of divorce to provide me with the $10,000. The decree says that I can put it into whatever account I want, but does that account have to be a qualified retirement account or can it be a checking or savings account?
Certainly I could contact my lawuyer with these questions, but my expenses are already tremendous and I really trying to eliminate adding more to what I am already paying on. Any advice would be greatly appreciated.


#2

Your lawyer is best positioned to answer these questions for you. He is most familiar with the specific facts and circumstances of your case.