Asset Protection For QRPs and IRAs

Americans have trillions invested in qualified retirement plans (QRPs) and individual retirement accounts (IRAs). Knowing what protections these assets have from creditors is essential to good estate planning. Different sets of rules govern QRPs and IRAs, including whether such assets are exempt in whole or in part from creditors' claims. The Employee Retirement Income Security Act of 1974 (ERISA)1

Americans have trillions invested in qualified retirement plans (QRPs) and individual retirement accounts (IRAs). Knowing what protections these assets have from creditors is essential to good estate planning.

Different sets of rules govern QRPs and IRAs, including whether such assets are exempt in whole or in part from creditors' claims.

The Employee Retirement Income Security Act of 1974 (ERISA)1 controls QRPs, preempting state law.2 But ERISA does not

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish