Creditor and Family Member Rights to Retirement Benefits (2016)
Total Credits: 1.5 Professional Practice
Benefits from individual and employer retirement plans (“Retirement Benefits”) constitute a large portion of the wealth accumulated or inherited by many individuals. There are many differences between the treatment of these benefits and the treatment of bank account or mutual fund assets owned directly by an individual. When dealing with creditors and current or former family members of an individual, what are their rights pertaining to an individual’s retirement benefits?
This program will discuss the issues that may arise with respect to the treatment of retirement benefits for purposes of domestic relations, family law and creditor’s rights outside of bankruptcy. Such understanding is critical in adequately counseling your clients, and may help with your own personal financial planning as well.
• Advising the management of your clients’ Retirement Benefits
• Enforcing an obligation against another individual
Areas Of Professional Practice Credit(s):