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My husband sold his IRA without my knowledge prior to our divorce. Is this legal?
Yahoo Financeยท2025-09-11 09:43

Group 1 - The wealth-management company has a fiduciary duty primarily to the client, in this case, the ex-husband, and not to the spouse [5][6] - In Michigan, retirement accounts can be considered marital property and are subject to equitable distribution during divorce proceedings [7][8] - The wealth manager's obligation to inform the spouse may depend on whether both parties were clients of the same adviser or if there were any legal restrictions in place at the time of the transaction [6][7] Group 2 - The legal framework in Michigan allows for the possibility of asset dissipation claims, but the success of such claims may vary based on specific circumstances [3][7] - The distinction between being "swindled" and "hoodwinked" can affect the recourse available to the affected party [3]