Megan K. asked

⚖️  Law

I am a recently divorced male in Florida. The court ordered me to make qualified payments including 6% interest amortized over 15 years as a payback agreement for my ex-wife's value in my business. Her attorney is trying to have my portion of my 401k and IRA set aside as collateral for this payback. What ERISA laws specifically prohibit this action?

September 9th, 2023

Vickie A. answered

ERISA's anti-alienation clauses provide protection against creditors, including your ex-wife, from a...

September 9th, 2023

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