Inherited Ira And Restitution

Summary

Restitution orders can be enforced against all assets and income, including inherited IRAs, which are often not protected from creditors. California law may offer some protections, so its advisable to consult a local attorney. To seek legal advice, search online for local attorneys, contact your local bar association, or use free legal aid services if you qualify. Before making any payments, consult an attorney, write a formal proposal, and obtain a written agreement from the creditor.

Full Conversation

Im in riverside ca. i have a 10 year old felony for pergury. I owe * k in restatution Im gettenf a inherated ira. Can they take my money
Hi ****, generally:
*. Restitution orders can be enforced against all assets and income.
*. Inherited IRAs are often not protected from creditors.
*. California law may provide some protections.
You should seek advice from a local attorney for specifics.
How
Hi ****, to seek advice from a local attorney, you could:
*. Search online for local attorneys specializing in your specific issue
*. Contact your local bar association for attorney recommendations
*. Utilize free legal aid services if you qualify.
Would you like assistance finding these resources?
Maybe I’ll just put a lump sum down and make payment arrangements
That's a sensible approach, ****. Before you proceed, it's advisable to:
*. Consult an attorney to discuss the possibility and terms.
*. Write a formal proposal detailing your plan.
*. Obtain written agreement from the creditor before you make any payments.