During the divorce (2004) the Ex listed it as US Bank IRA #xxxxxxxxx, valued at $61,336. My friend has now seen the promisory note and it states "...Promisory Note Dated August 24, 1999 at 9.00% Due August 25, 2000 in the face amount of $65,000." He left her and filed for divorce sometime in...
My friend was awarded a Self-Directed IRA in her divorce, final as of November 2005, which turned out to contain a promisory note dated August 27, 1999. Her Ex had loaned the entire amount to a friend and never collected it back. Was her Ex obligated to advice the court the IRA was a loan in...