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The protection of retirement assets has played out in several real-life examples. As a result of the court’s verdict, Simpson was ordered to pay over million in compensation to the Goldman and Brown families. Simpson still owns a defined benefit plan from the NFL, valued at over million. J.’s million liability, under ERISA law the former star’s defined benefit plan is protected from the Goldman and Brown families. While much of his net worth is still potentially exposed to the claims of creditors, Armstrong’s retirement assets are likely at least partially shielded from creditors’ claims.
Cyclist Lance Armstrong has fallen hard after admitting to doping while winning seven Tour de France titles. While the lawsuits remain ongoing, his retirement assets will likely stay out of reach from the courts.
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Sydney was born a little more than eight months later.
OJ is currently serving time in a Nevada prison for a 2008 conviction for kidnapping and armed robbery charges, after leading a group of men to break into a hotel room in Las Vegas to steal sports memorabilia.
The Nevada Board of Parole Commissioners voted unanimously to grant O. The potential legal advantages of keeping a portion of your net worth in a retirement plan are extremely compelling, regardless of your age.
In the event of a personal bankruptcy or legal liability, certain retirement assets can remain protected from creditors. Simpson was found liable in civil court for the deaths of Ronald Goldman and Nicole Brown Simpson. has noted that Armstrong had done a lot of asset planning in his career, including establishing trusts, to help shield his assets. supposedly returned with a bundle of clothes under one shoulder, which we assume to be the bloodied clothes from the murder.After 4 1/2 years behind bars, battling weight gain and depression, O. Simpson is hopeful freedom is just around the corner.The tour will address both the murder case and the 2008 conviction for kidnapping and armed robbery of a sports-memorabilia dealer, a decision Simpson blames on racism. As early as tomorrow, Judge Linda Marie Bell could overturn Simpson’s conviction for attacking a memorabilia dealer and order a retrial, or even set him free with credit for time already served. She’s not trying to be a movie star,” Simpson said, in a dig at Judge Jackie Glass, who sentenced him to up to 33 years in prison after his 2008 trial and then went on to host the syndicated TV show “Swift Justice.” “She [Bell] is straightforward business, so I feel I’ll get a fair shake.” Life behind bars Friends say that since being tossed into Lovelock Correctional Center near Reno, Simpson, now 65, has turned to anger management, religious texts, fantasy football and two “odd couple” cellmates to deal with despair, racial tensions and tabloid rumors.“I feel like I’m back in the ’50s — a black man in a white justice system,” he said of the Nevada jury. He fumed at the storm surrounding the memoir, “If I Did It: Confessions of a Killer,” which sparked a huge uproar in 2006, prompting publisher Regan Books to ax the project before publication. I was just paid not to dispute it,” Simpson told The Post source.