Sarasota, FL asked in Estate Planning and Collections for Florida

Q: Florida residents IRA protection

Are the assets in an IRA owned by a Florida resident protected from liability judgement when the IRA is registered with a Minnesota institution?

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1 Lawyer Answer
Marc J. Soss
Marc J. Soss
  • Estate Planning Lawyer
  • Sarasota, FL
  • Licensed in Florida

A: The location of the institution has no bearing on its protection, what is important is your state of residence. Not many institutions are located or headquartered in Florida.

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