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iras and personal injury awards
Without looking too deeply into it, the 703s with the Wildcard should cover it all nicely. I don't think you can separate the exemption on the PI cases. It's $18675 total, but again, you should have enough in the wildcard to cover the difference and the automobiles.
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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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----- Original Message -----
To: cdcbaa
Sent: Monday, April 18, 2005 2:40 PM
Subject: [cdcbaa] iras and personal injury awards
client is 52, unemployed since 2/05;
has about $44,000 combined totals in an IRA and a Sep IRA. she was in 2 separate auto accidents about 6 mos. apart and just got the settlement checks last week, $15,000 amd $10,000 respectively. her only other asset is a 2002 honda civic that was in both accidents, with about $5000 - 6000 of equity.
is each p.i. case exempted up to $18,675 or am i better off using 704 exemptions and taking a chance the trustee won't take her car..
thanks, vicki
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Without looking too deeply into it, the 703s with
the Wildcard should cover it all nicely. I don't think you can separate
the exemption on the PI cases. It's $18675 total, but again, you should
have enough in the wildcard to cover the difference and the
automobiles.
***********************************************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.
client is 52, unemployed since 2/05;
has about $44,000 combined totals in an IRA and a Sep IRA. she was in 2 separate auto accidents about 6 mos. apart and just got the settlement checks last week, $15,000 amd $10,000 respectively. her only other asset is a 2002 honda civic that was in both accidents, with about $5000 - 6000 of equity.
is each p.i. case exempted up to $18,675 or am i better off using 704 exemptions and taking a chance the trustee won't take her car..
thanks, vicki
client is 52, unemployed since 2/05;
has about $44,000 combined totals in an IRA and a Sep IRA. she was in 2 separate auto accidents about 6 mos. apart and just got the settlement checks last week, $15,000 amd $10,000 respectively. her only other asset is a 2002 honda civic that was in both accidents, with about $5000 - 6000 of equity.
is each p.i. case exempted up to $18,675 or am i better off using 704 exemptions and taking a chance the trustee won't take her car..
thanks, vicki
The post was migrated from Yahoo.