In California, filed Chapter 7 on 10/2009, discharged 02/2010, A close friend of mine passed away in early March. She has passed onto me half of her annuity which is estimated at $38K (this annuity is separate from her will, I was a named beneficiary on the annuity, not sure if this even matters). Here are some questions I have about this situation:
1. Do I need to tell my lawyer or trustee about this?
2. Can an annuity be part of an exemption, if so what is the max amount for this type of exemption?
3. Are there any options for "protecting" these funds?
Thanks
1. Do I need to tell my lawyer or trustee about this?
2. Can an annuity be part of an exemption, if so what is the max amount for this type of exemption?
3. Are there any options for "protecting" these funds?
Thanks
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