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IRA, Divorce, and Chapter 7
It is prudent to wait.
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Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
> On Sep 30, 2013, at 11:30 AM, wrote:
>
> Dear Listmates,
>
>
>
> Potential chapter 7 debtor is has a pending divorce whereby he is set recieve half of his former spouse's exempt IRA.
>
>
>
> Is there prudance in waiting for the debtor to finalize the divorce and have the IRA funds transfered to his own properly exempt IRA account? My concern is that a chapter 7 trustee would step in prior to the transfer and somehow compel distribution.
>
>
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> Feedback will be much appreciated.
>
>
>
> ---
>
> Emmanuel S. Vargas
>
> Attorney at Law
>
> (818) 243-7745
>
>
On Sep 30, 2013, at 11:30 AM, <esvargas.app@gmail.com> wrote:
Dear Listmates,
Potential chapter 7 debtor is has a pending divorce whereby he is set recieve half of his former spouse's exempt IRA.
Is there prudance in waiting for the debtor to finalize the divorce and have the IRA funds transfered to his own properly exempt IRA account? My concern is that a chapter 7 trustee would step in prior to the transfer and somehow compel distribution.
Feedback will be much appreciated.
---
Emmanuel S. Vargas
Attorney at Law
(818) 243-7745
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