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help please!!!

  • Thread starter Thread starter stephen123
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stephen123

Guest
what a mess!!
please help!!!

I am finished my 24 month sentence after pleading guilty to conspirarcy to commit securities fraud. It was a federal case and the judge imposed a hefty restitution. He ordered 10% of my gross income until it is paid.
My question is if I save money in my new career is that frozen, taken away, and put towards the judgement. If I receive assets from an inheritence what happens. What happens with my personal life insurance if I pass away, does my family get the money or does it go towards the restitution. How would my estate now and in the future be affected if at all.

I also have civil judgement against me for a much smaller amount, is there a statute of limitations on that. Because I figure the Federal government will want there money first before the other guy, but with the amount of restitution I don't think I'll finish until 2126.

If you can also give me the type of lawyer that might specialize in this type of work. My criminal lawyer was of no help.
 


vrzirn

Senior Member
You need a Tax Attorney. The SOL on civil judgements is 10 years and can be renewed. You will owe interest about 10% per yr.
If the life insurance policy is owned by the beneficiary then the money passes tax free and free of liens. If you own policy then it passes to the estate and guess who gets first dibs?Second dibs to civil creditor.
 

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