Legal Question in Bankruptcy in Virginia
Rollover ira
Is it possible to know if a rollover ira is
protected from bankruptcy or lawsuits in
the state of virginia? No one seems to have a
straight answer to that question.
Asked on 4/29/02, 5:04 pm
1 Answer from Attorneys
Thomas DeCaro
DeCaro & Howell PC
Re: Rollover ira
There is no straight answer. Virginia exempts
only a portion of an IRA, based on a hypothetical
pension payment after age 65. The exemption amount
depends on your age. You then look it up on a
table in the Virginia Code governing exemptions.
Good luck!
Answered on 4/30/02, 11:25 am
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