What is the name of your state? CA
My husband and I are divorcing. We jointly owned a subchapter S business for 3 years in CA. I kept it afloat with my money from an IRA, most of which I earned prior to our marriage, and it was earned in Colorado.
Our largest asset now is our house and we have significant equity in it - about $500,00. Can I demand that he pay me back for half of my IRA that was lost as a result of this business? I had also received a pain and injury award in the amount of $75,000 while living in CA. He day traded about $10,000 of this away without my permission. Some of the rest of it also went in the business. Can I ask for any reimbursement of any of these funds?
My husband and I are divorcing. We jointly owned a subchapter S business for 3 years in CA. I kept it afloat with my money from an IRA, most of which I earned prior to our marriage, and it was earned in Colorado.
Our largest asset now is our house and we have significant equity in it - about $500,00. Can I demand that he pay me back for half of my IRA that was lost as a result of this business? I had also received a pain and injury award in the amount of $75,000 while living in CA. He day traded about $10,000 of this away without my permission. Some of the rest of it also went in the business. Can I ask for any reimbursement of any of these funds?