U.S. Supreme Court changes rules on IRA’s

Date: 06/16/2014 Publication: Website CooperLevenson Publication: Website Summary: On June 12, 2014, the U.S. Supreme Court resolved a key question that has lingered for nearly a decade: Are funds in an inherited IRA protected in bankruptcy? The answer was a unanimous, “No.” Article: U.S. Supreme Court changes rules on IRA’s.pdf

The Art of Asset Protection

The average individual spends most of his adult life working to maintain or improve the lifestyle of his family and loved ones. Many have the foresight to create and follow strategic plans which maximize economic return on their investment of time, energy and effort. Frequently, these same individuals have the foresight to retain accountants and/or … Continue reading “The Art of Asset Protection”

Important Warnings with Respect to Property Held as Tenancy by the Entireties

Several states, including Florida and Texas, have statutory laws which prevent creditors from seizing real property held by, among others, married individuals under defined circumstances. These states explicitly make property held by Florida or Texas residents as a primary resident exempt from execution, levy and sale by a creditor. New Jersey protects real property held … Continue reading “Important Warnings with Respect to Property Held as Tenancy by the Entireties”

Important Warnings with Respect to Property Held as Tenancy by the Entireties

Several states, including Florida and Texas, have statutory laws which prevent creditors from seizing real property held by, among others, married individuals under defined circumstances. These states explicitly make property held by Florida or Texas residents as a primary resident exempt from execution, levy and sale by a creditor. New Jersey protects real property held … Continue reading “Important Warnings with Respect to Property Held as Tenancy by the Entireties”