0
sure. unless your creditors have good lawyers. Best way to steal is still robbing a bank my friend.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Are annuities judgment proof in the state of Georgia?
Annuity death proceeds bypass the estate and probate and are paid directly to beneficiary. BEST INVESTMENT FOR SENIORS!!! (if bought correctly) 4lifeguild
Which annuities avoid probate?
all of them
What is the difference between an annuity and a perpetuity?
Annuities are payments (or cash flows) of equal amount every period for a limited number of periods. Examples of annuities are loan payments for your car and periodic payments from a lottery win.Perpetuities on the other hand are payments (or cash flows) also of equal amounts that are made every period for an unlimited number of periods. Examples of perpetuities are property tax payments and preferred stocks.
What is genworth and why is it relavent?
Genworth is a financial institution, the official name being Genworth Financial, Inc. They are relevant because they offer a number financial products such as different types of insurance and various types of annuities.
Who is responsible for your parent's credit card debts if they are in an assisted living facility and there is no money to pay the debts?
The credit card holder is responsible for the debt. If it is the parent, they are the ones that should pay it. If it is you, you should pay it. If there is no money, you may have to declare bankruptcy. The account holder is responsible for the debt. Social Security and most private pensions are exempt from creditor attachment. It may be that they are "judgment proof" meaning that he or she (they) do not have assets or property that can be attached by a judgment creditor. The best option is for the person to consult with an attorney who is qualified in debtor-creditor or elder law before they consider any other action especially bankruptcy.
Are tax deferred annuities exempt from civil judgment?
No.
Are annuities judgment proof in the state of Georgia?
Annuity death proceeds bypass the estate and probate and are paid directly to beneficiary. BEST INVESTMENT FOR SENIORS!!! (if bought correctly) 4lifeguild
What are variable annuities?
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
What are ING variable annuities?
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
Can a fixed annuity have a minimum interest rate and a flexible premium payment schedule?
Yes. ALL deferred annuities offer a guaranteed minimum interest crediting rate (although in a few contracts, that rate is zero). And all non-variable immediate annuities calculate the annuity payments using an assumed interest rate, so one could say that that rate is actually "guaranteed" (as the payments are). Some deferred annuities will accept only a single premium, and they're called "single premium annuities". Others will accept recurring premiums and are usually called "flexible premium annuities. Immediate annuities typically do not permit recurring premiums.
Is social security disability judgment proof in Missouri?
Social Security Disability and Social Security is judgment proof from debtors in all states.
Where can a person get a guaranteed annuity?
Guaranteed annuities are sold by major insurance companies such as Met Life and Prudential. This form of product is recommended by several retirement planners who might be a good source of purchasing information.
Can a judgment creditor take your retirement 401 or annuities?
It really depends on which state you live in. Every state has different rules about who can garnish what types of income. Most states do not allow 401K or annuities to be garnished for any reason.
What has the author Michael F Lane written?
Michael F. Lane has written: 'Guaranteed Income for Life' -- subject(s): Variable annuities
Is judgment proof legal in Kentucky?
"Judgment-proof" means that even if a plaintiff obtains its civil judgment against its defendant, the defendant has no assets from on which the court can levy in proceedings in aid of execution to satisfy the judgment. It also generally implies that as a result the defendant is not worth being sued, because the possibility of ultimately recovering a money judgment is nil.Added: There is no such legal principle as judgment proof. It is not a defense to a lawsuit. One can obtain a judgment against a defendant, regardless of the ability to collect the judgment. Plaintiffs often choose to proceed against defendants who appear to be judgment proof because they believe that the defendant will eventually have assets or income against which to collect.You are correct. The status of being judgment-proof is as a matter of fact and not a matter of law. Which is why I used the word "implied" and not the word "holds". Therefore, it is legal to the extent that as a matter of fact the judgment cannot be satisfied.
What is a right guaranteed by the bill of right?
One right that is guaranteed is that you cannot go to jail if the police don't have enough proof that it is you.
What are three types of insurance annuities?
Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.
