In the state of Maryland, a couple considering ending their marriage has another option available before jumping right to the divorce process. Although they are not that common, a legal separation can be used in a situation where a couple is still figuring out whether they want to try and make their marriage work or if they want to go ahead with the divorce.
Considering the 401(k) plan in a divorce
Maryland spouses who are contemplating a divorce might be surprised to find out that it is possible to receive retirement benefits from their spouse's 401(k). While it is not normally legal for the funds of a 401(k) to be distributed to anyone other than the account holder, there is an exception that allows divorced spouses to receive retirement pay from their ex-spouses.
