What is the name of your state (only U.S. law)?
I'm a resident of New Jersey and divorced. I'm in need of legal advice from someone familiar with New Jersey state divorce laws. I currently pay approximately 1,200.00 in alimony to my ex-wife until August of 2016. I would like to explore a post judgment amendment to the original court order that will allow me to pay the remaining lump sum of alimony from my 401k. I would also like to know if I can avoid any penalties for accessing my 401k in this way beyond any applicable taxes I would need to pay. If this is a viable option I would very much like to proceed and don't know where to begin.
Chris
I'm a resident of New Jersey and divorced. I'm in need of legal advice from someone familiar with New Jersey state divorce laws. I currently pay approximately 1,200.00 in alimony to my ex-wife until August of 2016. I would like to explore a post judgment amendment to the original court order that will allow me to pay the remaining lump sum of alimony from my 401k. I would also like to know if I can avoid any penalties for accessing my 401k in this way beyond any applicable taxes I would need to pay. If this is a viable option I would very much like to proceed and don't know where to begin.
Chris