January 8, 2010
By Jennifer Moore, Family Law Attorney
When you are served with divorce papers, you receive a document called a “summons”. The summons has a lot of “fine print” “form” language on it that the average person might just skim over. That’s a mistake! The summons contains certain restrictions on selling property, liquidating accounts, and changing insurance, among other things. One local businessman ignored this language and liquidated a 401K account in order to finance what the court considered to be a lavish lifestyle. He now faces jail if he does not repay the funds.