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tax sheltered annuity
Thank you, Carolyn...
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Friday, March 11, 2005 4:40 PM
Subject: Re: [cdcbaa] tax sheltered annuity
There are cases in the annotated California Codes under the exemption (don't ask me the number because I am not in the office.) There was a seminal case a few years ago on what is not an exempt annuity. It pays to do a little old fashion research and it's not hard. Carolyn
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 6:25 PM
Subject: RE: [cdcbaa] tax sheltered annuity
Mark,
They are retirement accounts designated by the IRC for 501(c)(3) or public school employees. They are to non-profit employees what 401k's are to employees of private employers, but not nearly as flexible as investment vehicles. The $64K question is whether they are ERISA protected, which the dim recesses of my memory tell me they aren't, but those recesses are highly unreliable.
Pat
Patrick T. Green, Esq.
Fitzgerald & Green, Attorneys at Law
1010 E. Union Street Suite 206
Pasadena, CA 91106
Ph: (626) 449-8433
Fax: (626) 449-0565
pg23@earthlink.net
-
Sent: Thursday, March 10, 2005 4:58 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] tax sheltered annuity
because it's not a retirement account and other jurisdictions (so I'm told) have held the retirement exemption is inapplicable for them.
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
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entity to which it is addressed and may contain information that is privileged,
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distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
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509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 3:16 PM
Subject: RE: [cdcbaa] tax sheltered annuity
no exp. but why wouldn' tthey be?
-----Original Message-----
Sent: Thursday, March 10, 2005 1:32 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] tax sheltered annuity
Debtor has a tax sheltered annuity (403(b)) and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these are exempt as retirement accounts in our jurisdiction?
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
The post was migrated from Yahoo.
There are cases in the annotated California Codes under the exemption (don't ask me the number because I am not in the office.) There was a seminal case a few years ago on what is not an exempt annuity. It pays to do a little old fashion research and it's not hard. Carolyn
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 6:25 PM
Subject: RE: [cdcbaa] tax sheltered annuity
Mark,
They are retirement accounts designated by the IRC for 501(c)(3) or public school employees. They are to non-profit employees what 401k's are to employees of private employers, but not nearly as flexible as investment vehicles. The $64K question is whether they are ERISA protected, which the dim recesses of my memory tell me they aren't, but those recesses are highly unreliable.
Pat
Patrick T. Green, Esq.
Fitzgerald & Green, Attorneys at Law
1010 E. Union Street Suite 206
Pasadena, CA 91106
Ph: (626) 449-8433
Fax: (626) 449-0565
pg23@earthlink.net
Sent: Thursday, March 10, 2005 4:58 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] tax sheltered annuity
because it's not a retirement account and other jurisdictions (so I'm told) have held the retirement exemption is inapplicable for them.
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 3:16 PM
Subject: RE: [cdcbaa] tax sheltered annuity
no exp. but why wouldn' tthey be?
-----Original Message-----
Sent: Thursday, March 10, 2005 1:32 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] tax sheltered annuity
Debtor has a tax sheltered annuity (403(b)) and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these are exempt as retirement accounts in our jurisdiction?
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
The post was migrated from Yahoo.
Yes, thanks. Had to give client a quick answer and didn't have time to fully research. Just thought someone might have already come up with a solid answer.
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 2:41 PM
Subject: Re: [cdcbaa] tax sheltered annuity
Mark: There are cases in the annotated codes on the topic of annuities. Do you have the Codes?CF
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 1:31 PM
Subject: [cdcbaa] tax sheltered annuity
Debtor has a tax sheltered annuity (403(b)) and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these are exempt as retirement accounts in our jurisdiction?
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
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Yes, thanks. Had to give client a quick
answer and didn't have time to fully research. Just thought someone might
have already come up with a solid answer.
----- Original Message -----
From:
Carolyn
Fergoda
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 2:41
PM
Subject: Re: [cdcbaa] tax sheltered
annuity
Mark: There are cases in the annotated codes on
the topic of annuities. Do you have the Codes?CF
----- Original Message -----
From:
Mark J. Markus
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 1:31
PM
Subject: [cdcbaa] tax sheltered annuity
Debtor has a tax sheltered annuity
(403(b)) and also a "supplemental retirement plan"
(401(a)).
Does anyone have any experience as to whether
these are exempt as retirement accounts in our
jurisdiction?
***********************************************Mark J.
MarkusLaw Office of Mark J. Markus11684 Ventura Blvd. PMB
#403Studio City, CA 91604-2652(818)509-1173(818)509-1460
(fax)e-mail: bklawr@bklaw.comweb:
The post was migrated from Yahoo.
Mark,
They are retirement accounts designated by the IRC for 501(c)(3) or public
school employees. They are to non-profit employees what 401k's are to
employees of private employers, but not nearly as flexible as investment
vehicles. The $64K question is whether they are ERISA protected, which the
dim recesses of my memory tell me they aren't, but those recesses are highly
unreliable.
Pat
Patrick T. Green, Esq.
Fitzgerald & Green, Attorneys at Law
1010 E. Union Street Suite 206
Pasadena, CA 91106
Ph: (626) 449-8433
Fax: (626) 449-0565
pg23@earthlink.net
_____
The post was migrated from Yahoo.
because it's not a retirement account and other jurisdictions (so I'm told) have held the retirement exemption is inapplicable for them.
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 3:16 PM
Subject: RE: [cdcbaa] tax sheltered annuity
no exp. but why wouldn' tthey be?
-----Original Message-----
Sent: Thursday, March 10, 2005 1:32 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] tax sheltered annuity
Debtor has a tax sheltered annuity (403(b)) and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these are exempt as retirement accounts in our jurisdiction?
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
The post was migrated from Yahoo.
no exp. but why wouldn' tthey be?
Sent: Thursday, March 10, 2005 1:32 PM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] tax sheltered annuity
Debtor has a tax sheltered annuity (403(b)) and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these are exempt as retirement accounts in our jurisdiction?
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
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ADVERTISEMENT
The post was migrated from Yahoo.
Mark: There are cases in the annotated codes on the topic of annuities. Do you have the Codes?CF
----- Original Message -----
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 1:31 PM
Subject: [cdcbaa] tax sheltered annuity
Debtor has a tax sheltered annuity (403(b)) and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these are exempt as retirement accounts in our jurisdiction?
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
Yahoo! Groups Sponsor
ADVERTISEMENT
Yahoo! Groups Links
a.. To visit your group on the web, go to:
http://groups.yahoo.com/group/cdcbaa/
b.. To unsubscribe from this group, send an email to:
cdcbaa-unsubscribe@yahoogroups.com
c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Mark: There are cases in the annotated codes on the
topic of annuities. Do you have the Codes?CF
----- Original Message -----
From:
Mark J. Markus
To: cdcbaa@yahoogroups.com
Sent: Thursday, March 10, 2005 1:31
PM
Subject: [cdcbaa] tax sheltered
annuity
Debtor has a tax sheltered annuity (403(b))
and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether
these are exempt as retirement accounts in our
jurisdiction?
***********************************************Mark J.
MarkusLaw Office of Mark J. Markus11684 Ventura Blvd. PMB
#403Studio City, CA 91604-2652(818)509-1173(818)509-1460
(fax)e-mail: bklawr@bklaw.comweb:
The post was migrated from Yahoo.
Debtor has a tax sheltered annuity (403(b)) and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these are exempt as retirement accounts in our jurisdiction?
***********************************************
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)
e-mail: bklawr@bklaw.com
web: http://www.bklaw.com/
************************************************
Confidentiality Note: This e-mail is intended only for the person or
entity to which it is addressed and may contain information that is privileged,
confidential, or otherwise protected from disclosure. Dissemination,
distribution, or copying of this e-mail or the information herein by anyone
other than the intended recipient, or an employee or agent responsible for
delivering the message to the intended recipient, is prohibited. If you
have received this e-mail in error, please notify us immediately at (818)
509-1173 or e-mail us at bklawr@bklaw.com and destroy the
original message and all copies.
Debtor has a tax sheltered annuity (403(b))
and also a "supplemental retirement plan" (401(a)).
Does anyone have any experience as to whether these
are exempt as retirement accounts in our jurisdiction?
***********************************************Mark J. MarkusLaw
Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA91604-2652(818)509-1173(818)509-1460 (fax)e-mail: bklawr@bklaw.comweb:
The post was migrated from Yahoo.