How Are Annuities Protected From Creditors?

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    David RacichPRO
    Fountain Hills, Arizona
    There are assets protected from creditors by federal and/or state statute. Those assets are considered essential for the debtor to maintain at least a financial well-being. Creditor protection is balanced by the concerns for creditor's rights to access the debtor's assets. Annuities can be argued as a legitimate retirement plan like IRAs. Some states exempt annuities from the claims of creditors. Each state has differing views and regulations on the claims of creditors. Seek out legal counsel to determine what assets are protected from claims of creditors. 
     
    Answered on May 29, 2013
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