Asset Protection
Retirement Accounts
In Kansas, Missouri, Oklahoma and Texas, ERISA retirement plans (i.e. 401k plans, 403b plans, defined contribution and defined benefits plans) and non-ERISA retirement plans (i.e. IRAs, SEP IRAs, SIMPLE IRAs, Keogh plans and Roth IRAs) are exempt from creditors’ claims.
ERISA protects those retirement plans governed by ERISA because of the anti-alienation clause providing plan benefits cannot be assigned or alienated in any way.
Non-ERISA retirement plans are protected from creditors’ claims due to specific exemptions in the state statutes.
DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.
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