Jeralyn Lawrence is quoted in a NJ.com article “Can an Umbrella Policy Protect Me from My Ex-Spouse?”
An umbrella policy is designed to protect your monetary assets, including that which you have saved for retirement, so that you would not suffer a loss of your income if you were to get sued for an accident, said Jeralyn Lawrence, a family law attorney with Lawrence Law in Watchung.
“In New Jersey, certain retirement vehicles, such as traditional IRAs, Roth IRAs, pensions, 401(k) plans, profit sharing plans and SEP-IRAs are protected from creditors in the event you are sued for such an accident and lose,” she said. “This means that creditors would not be able to satisfy a judgment by seizing such assets protected by an umbrella policy.”
However, …see the rest of the article at https://www.nj.com/news/2021/08/can-an-umbrella-policy-protect-me-from-my-ex-spouse.html
