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Protecting Retirement Assets from Creditors (PDF)
Greensfelder, via Journal of the Missouri Bar Aug. 29, 2019 "[D]uring a participant's life, ERISA provides the only guaranteed protection, subject to any applicable exceptions.... Most states ... do not expressly protect inherited IRAs, and some barely protect retirement plans.... [If] creditor protection is important for the beneficiaries of a retirement account ... the account owner should name an irrevocable trust as the beneficiary of the retirement plan, as the law is much more settled -- and debtor-friendly -- in the trust area.... NQDC plans face the biggest challenges." |
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