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FL H0811
Bill
Status
Introduced
11/26/2019
Primary Sponsor
Insurance and Banking Subcommittee
Click for details
AI Summary
- Amends Section 222.21, Florida Statutes, to protect retirement account interests received through divorce transfers from creditors' claims
- Specifies that funds or accounts awarded or received in a divorce transfer under Internal Revenue Code Section 408(d)(6) are exempt upon receipt and remain exempt thereafter
- Applies retroactively to all inherited individual retirement accounts and divorce transfers regardless of when the account was created or transfer was made
- Clarifies and codifies existing law regarding creditor exemptions for tax-exempt retirement funds transferred during divorce proceedings
- Takes effect immediately upon becoming law
Legislative Description
Transfers in Divorce
Last Action
Died on Calendar
3/14/2020
Committee Referrals
Judiciary2/5/2020
Insurance And Banking Subcommittee1/23/2020
Civil Justice Subcommittee12/16/2019
Full Bill Text
No bill text available