Tennessee

Are Annuities Protected From Creditors In Tennessee?

Yes, they are. Similar to IRAs and other retirement accounts, annuities are protected from creditors in the event of bankruptcy. What states protect annuities from creditors? In some states, annuities are unconditionally exempt from seizure by creditors or bankruptcy court. States such as Florida and Texas have laws that prevent creditors from seizing any money …

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What Assets Are Protected In A Lawsuit In Tennessee?

These can include: Asset protection from creditors. Asset protection from divorce settlements. Asset protection from excessive medical bills when no health insurance or limited health insurance coverage exists. Asset protection from lawsuits. Asset protection from nursing homes or other assisted living facilities. What assets are not protected in a lawsuit? Unless you take steps to …

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What Is The Tennessee Consumer Protection Act?

What Is the Tennessee Consumer Protection Act? The Tennessee Consumer Protection Act of 1977 was passed for the purpose of protecting consumers and businesses from unfair and deceptive acts or practices in trade or commerce by providing civil legal means to ensure ethical dealings between businesses and consumers. What does the consumer protection Act do? …

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How Does The Tennessee Consolidated Retirement System Work?

After a five-year vesting period, an employee becomes eligible to receive a monthly benefit at retirement once the age requirement is met. The benefit is calculated by the employee’s years of service and salary. The benefit provided by TCRS is a solid foundation for building a retirement future. How many years does it take to …

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