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FL H0253
Bill
Status
Failed
4/30/2021
Primary Sponsor
Joseph Geller
Click for details
AI Summary
- Amends s. 222.21, F.S., to specify that interests in retirement funds or accounts received as a transfer incident to divorce under IRC s. 408(d)(6) are exempt from claims of creditors upon being awarded to or received by the transferee
- The creditor exemption continues indefinitely after the interest is awarded or received by the transferee
- Applies retroactively to all inherited individual retirement accounts and all transfers incident to divorce, regardless of when the account was created or the transfer was made
- The amendment is characterized as a clarification of existing law and remedial in nature
- Takes effect immediately upon becoming law
Legislative Description
Transfers in Divorce
Last Action
Died in Insurance & Banking Subcommittee
4/30/2021
Committee Referrals
Insurance And Banking Subcommittee3/30/2021
Civil Justice and Property Rights Subcommittee1/22/2021
Full Bill Text
No bill text available