Retirement Plans

Inherited IRAs are Not Protected from Creditors - U.S. Supreme Court

Posted on: July 17th, 2014
On June 12, 2014, the U.S. Supreme Court—in a unanimous decision—ruled that Individual Retirement Accounts (IRAs) inherited by anyone other than a spouse are not retirement funds and therefore are not protected from the beneficiary’s creditors in bankruptcy. Fortunately, there is a solution....
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