Legal Question in Credit and Debt Law in Florida
sep rollover to ira
If my wife causes an accident, and is found liable for damages above insured coverage, is my sep account {rolled over into an ira}, at risk? If so , how can I protect it?
Asked on 2/10/09, 7:40 am
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Re: sep rollover to ira
As a general rule, Florida retirement accounts cannot be taken from you on the basis of auto negligence. Also, you are not usually liable for your wife's auto accidents unless your name is on the car title.
Answered on 2/10/09, 2:29 pm