Pensions, individual retirement accounts (IRAs), 401(k)s and other retirement savings plans and tax advantaged plans are often a core part of someone’s net worth. In the context of a divorce, depending on when the assets were accumulated, they are subject to an equitable division between spouses. To avoid tax problems, a Court will typically enter…
Legal Articles
Individual Retirement Account (IRA) Creditor Protections, Garnishments/Execution
You go to court and win a monetary judgment, sometimes after several years and expending a significant amount of time and money. This does not mean, though, that you automatically get the money. If you have a judgment, it is your responsibility to collect it through judgment executions and garnishments. What most do not appreciate…