Legal Question in Credit and Debt Law in New York

protection from law suits

Are there any protections from lawsuit judgements for regular IRA, ROTH IRA, 401(k) and Social Security Disability benefits? Are any or all vulnerable? How to protect assets?


Asked on 10/15/06, 11:06 pm

1 Answer from Attorneys
Guy Lewit Guy Mitchell Lewit, Esq.

Re: protection from law suits

Are there any protections from lawsuit judgements for regular IRA, ROTH IRA, 401(k) and Social Security Disability benefits? Are any or all vulnerable? How to protect assets...

Answer: These are protected assets. If you keep these funds in a bank account that does not commingle these funds with non-exempt funds...they cannot be seized post judgment.

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Answered on 10/16/06, 4:07 am


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