Steimle Birschbach, LLC

Month: June 2014

Are assets from an inherited IRA protected from creditors?

The question of whether the assets of an inherited IRA account are protected from creditors during bankruptcy proceedings has forever been put to rest. On Thursday, the Supreme Court unanimously upheld a 7th Circuit decision that said inherited IRAs do not enjoy the protections of IRAs in bankruptcy proceedings. The petitioner in Clark v. Rameker, Trustee, …

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