I don't have very much tax-advantaged retirement account space. My spouse and I have one TSP, two Roth IRAs, and one HSA. Our dual-income trajectory makes it clear that our taxable account will be the lion's share of our nestegg.
My question: How iron-clad is tenants by the entirety titling for asset protection against a malpractice judgment against one of us? Our state protects TBE assets, but I am left with a vague anxiety about the entire nestegg being exposed over some legal loophole or something.
Some background: My group pays for $250K/$750K malpractice, and I've been advised that upping those limits will make me a more attractive litigant. I have plenty of umbrella insurance for other liability. I am comfortable with my divorce risk.
Should I stop worrying?
Thanks for reading.
My question: How iron-clad is tenants by the entirety titling for asset protection against a malpractice judgment against one of us? Our state protects TBE assets, but I am left with a vague anxiety about the entire nestegg being exposed over some legal loophole or something.
Some background: My group pays for $250K/$750K malpractice, and I've been advised that upping those limits will make me a more attractive litigant. I have plenty of umbrella insurance for other liability. I am comfortable with my divorce risk.
Should I stop worrying?
Thanks for reading.
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