No. of Recommendations: 1
telegraph writes,

this thing has so many loophole possibilities the accountants/CPAs/brokers would go wild selling asset hiding devices to make people 'poor' on paper. (like OJ Simpson who seems to have no trouble living, but has no source of income or assets since he would immediately have to pay it out in damage claims).......

OJ Simpson derives the bulk of his income from a pension (it's some kind of annuity) which can't be tapped to satisfy a court judgement under California law. The same protection applies to IRAs and 401k accounts.

You can available yourself of this same "loophole" in Texas. It doesn't require much in the form of high-powered legal or financial advice.


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