Sheltering Inherited IRAs

November 10, 2014 at 12:24 pm Leave a comment

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Last month, Benefits Magazine ran an article, “Supreme Court Holds Inherited IRAs Are Not Exempt From the Bankruptcy Estate”. The story discusses a case, Clark et ux. v. Rameker, Trustee, et al., that appeared before the U.S. Supreme Court. The Court commented on the distinction between inherited and other IRAs, such as Roth and Traditional, in bankruptcy proceedings. The Court concluded that the funds are not considered to be for retirement and that account holders may not seek to shelter the funds in bankruptcy (Benefits Magazine (2014). Supreme Court Holds Inherited IRAs Are Not Exempt From the Bankruptcy Estate. Benefits Magazine, 51 (10), 59.).

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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