Legal Question in Civil Litigation in Texas
IRA protection from lawsuits
Are IRA's protected form a lawsuit? This money was rolled over from a 401K and a teacher retirement lump sum. Can this money be taken from me. I'm 67, and not rich!This resulted from an automobile accident 2 years ago. All insurance has been used.
2 Answers from Attorneys
Re: IRA protection from lawsuits
Not if in the name of defendant only. I presume you have a lawyer if you had insurance. You could have sheltered your assets before any judgment. Most plaintiff lawyer's do not go after individuals after being paid ..and release individuals. Your case must be unique
Re: IRA protection from lawsuits
Not if in the name of defendant only. I presume you have a lawyer if you had insurance. You could have sheltered your assets before any judgment. Most plaintiff lawyer's do not go after individuals after being paid ..and release individuals. Your case must be unique
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