For some people who do have sizeable claims and equally sizeable unprotected retirement accounts, an alternative may be to relocate and invest the proceeds in a homestead. When you’re at risk of losing your large retirement account you essentially must choose between three options: 1) Invest the IRA in an international LLC; 2) file bankruptcy; or 3) shift the retirement account proceeds into other exempt assets. This may be a homestead or possibly insurance products. Which is the best option? As with any plan, that depends on the client and the particulars of his case.
