Murderer's Retirement Accounts Cannot Be Shielded: Is This Ruling Contrary To ERISA?

Publisher: Madison Pension Services, Inc.

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Murderer's Retirement Accounts Cannot Be Shielded: Is This Ruling Contrary To ERISA?

We all know that crime does not pay. But I always thought that no matter what crime you committed, that an individual’s retirement plan accounts were pretty much bullet proof. That the assets would be judgement proof as long as they remained within the retirement plan or had been rolled over into an IRA. On the face of it, after reading about this recent civil judgement, it seems that might no longer be true. But there are some important facts that are specific to this case which need to be taken into account. A Montgomery County Court of Common Pleas judge recently ruled that the estate of Ellen Gregory, who was killed by Rafael Robb in 2006, will be able to recover funds from his retirement accounts. Mr. Robb’s position was that these accounts (which consist of state pension funds and IRAs which total almost $3 million dollars) were exempt from judgements. Mr. Robb, bludgeoned his wife, Ms. Gregory, to death in 2006. Read More Here: http://madisonpension.com/category/blog/