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Supreme Court Denies Creditor Protection for Inherited IRAs

Posted in Asset Protection, Estate Planning, Retirement Planning
Earlier this year, in Clark v. Rameker, 573 U.S. ___ (2014), the Supreme Court resolved a circuit split and delivered bad news for debtors, finding that a debtor’s inherited IRA was includible in her bankruptcy estate. Clark is an important decision because it clarifies that IRA assets inherited by adult children or other beneficiaries are… Continue Reading