ESTATE PLANNING LAW UPDATE: US Supreme Court Ruling Makes Inherited IRAs Vulnerable
In an unanimous ruling this June (CLARK v. RAMEKER), the Supreme Court of the United States removed an important tool from the Estate Planner’s belt. Inherited IRAs are now vulnerable to creditors. Prior to the ruling, inherited IRAs were considered “retirement funds” and were protected from bankruptcy proceedings. Using an IRA was a simple way … Read more