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educational 529(b) accounts=20
Roughly the same as 541(b)(5). Sometimes States sell "points" or "credits"
or other things which, if accumulated, can be redeemed for college education
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Mark JM
Sent: Tuesday, May 06, 2008 3:16 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] educational 529(b) accounts
Any chance someone can explain to me what in God's name 541(b)(6) means, in
English?
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw. com/
This Firm is a Qualified Federal Debt Relief Agency
___________
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To: cdcbaa@yahoogroups. com
Sent: Monday, May 05, 2008 5:14 PM
Subject: RE: [cdcbaa] educational 529(b) accounts
Limited protection depending on when monies contributed - see new
post-BAPCPA Code Section 541(b)(6)
James R. Selth
Weintraub & Selth, APC
12424 Wilshire Blvd., Suite 1120
Los Angeles, CA 90025
Telephone: (310) 207-1494
Facsimile: (310) 442-0660
E-Mail: jim@wsrlaw.net
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To:
Sent: 5/05/2008 3:37PM
Subject: [cdcbaa] educational 529(b) accounts
Just want to be sure: Is a properly set-up bank account solely for
education of a debtor's children (which can ONLY be used for their
education) protected in a Chapter 7 case? Client said it was a "529(b)
account" I believe.
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw. com/
This Firm is a Qualified Federal Debt Relief Agency
___________
NOTICE: This Electronic Message contains information from the law office of
Mark J. Markus that may be privileged. The information is intended for the
use of the addressee only. If you are not the addressee, note that any
disclosure, copy, distribution or use of the contents of this message is
prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by
the IRS, we inform you that any U.S. tax advice contained in this
communication (or in any attachment) is not intended or written to be used,
and cannot be used, for the purpose of (i) avoiding penalties under the
Internal Revenue Code or (ii) promoting, marketing or recommending to
another party any transaction or matter addressed in this communication (or
in any attachment).
Message
Roughly the same as
541(b)(5). Sometimes States sell "points" or "credits" or other things
which, if accumulated, can be redeemed for college education
David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.