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Exempting 529 Plans
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Jay:
The 541(b)(6) provision is an exclusion from property of the estate, so no exemption is called for or needed. If you are asking for a non-bankruptcy exemption under California law, I am not aware of any; but the first line of defense would be it isn't property of the debtor, but only held in trust for the beneficiary...
Not sure that exhausts the subject, but it's what I know.
Jason Wallach
jwallach@gladstonemichel.com
On Aug 10, 2012, at 2:10 PM, Jay Fleischman wrote:
> Folks, I know 541(b)(6) allows for the exemption of 529 plans with certain exceptions. Where in the California exemption scheme can I find something that speaks to this issue?
>
> Thanks in advance.
>
> -------------
> Jay S. Fleischman, Esq.
> Shaev & Fleischman, LLP
>
> Email isn't secure, so it's not confidential. By communicating with me by email, you understand that it's not confidential.
>
>
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Jay:The 541(b)(6) provision is an exclusion from property of the estate, so no exemption is called for or needed. If you are asking for a non-bankruptcy exemption under California law, I am not aware of any; but the first line of defense would be it isn't property of the debtor, but only held in trust for the beneficiary...Not sure that exhausts the subject, but it's what I know.
Jason Wallach
The post was migrated from Yahoo.
Hi Jay. Generally it's CCP 704.110 and 704.115
Michael Grennier
On Fri, Aug 10, 2012 at 2:10 PM, Jay Fleischman wrote:
> **
>
>
> Folks, I know 541(b)(6) allows for the exemption of 529 plans with certain
> exceptions. Where in the California exemption scheme can I find something
> that speaks to this issue?
>
> Thanks in advance.
>
> -------------
> Jay S. Fleischman, Esq.
> Shaev & Fleischman, LLP
>
> Email isn't secure, so it's not confidential. By communicating with me by
> email, you understand that it's not confidential.
>
>
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Hi Jay. Generally it's CCP 704.110 and 704.115Michael GrennierOn Fri, Aug 10, 2012 at 2:10 PM, Jay Fleischman <bankruptcy@gmail.com> wrote:
The post was migrated from Yahoo.
Folks, I know 541(b)(6) allows for the exemption of 529 plans with certain
exceptions. Where in the California exemption scheme can I find something
that speaks to this issue?
Thanks in advance.
Jay S. Fleischman, Esq.
Shaev & Fleischman, LLP
Email isn't secure, so it's not confidential. By communicating with me by
email, you understand that it's not confidential.
Folks, I know 541(b)(6) allows for the exemption of 529 plans with certain exceptions. Where in the California exemption scheme can I find something that speaks to this issue?Thanks in advance.-------------
Jay S. Fleischman, Esq.Shaev & Fleischman, LLPEmail isn't secure, so it's not confidential. By communicating with me by email, you understand that it's not confidential.
The post was migrated from Yahoo.