A check is coming to me - in 6 years

[keepinitreal]

I'm vested in an Employee Stock Ownership Plan (ESOP).

When I was laid off 8 months ago, I received a letter stating I'd get cash for my ESOP shares in 6 years.

If I don't find a job and need to file Chapter 7 in the next year, how should I account for this ESOP payment 6 years from now in my paperwork?

Thanks!

[AngelinaCat]

List that you have it, but that you cannot touch it.

I have a TIAA-CREF account that was set up more than 35 years ago. My original employer and I only contributed to it a couple of years before I left that company. But the plan is written up so that I cannot touch it before age 59 1/2. In the intervening years it has grown so that it now has a nice little nest egg in it, and if I could have gotten at it two or three years ago, when we cashed out 'Hub's 401k and some life insurance policies trying to keep from filing BK, we would have done it.

Thank God we couldn't get at it.

That money, being a retirement fund, is exempt.

Good luck to you.

[keepinitreal]

Thanks!