inherited IRAs
The Supreme Court on Thursday ruled unanimously that inherited Individual Retirement Accounts are not afforded the same protection from creditors in bankruptcy proceedings as retirement assets held by the original owner, the Associated Press reports
Permalink Submitted by Alan - IRA critic on Fri, 2014-06-13 19:30
Yes, this decision affects those who would use the federal bankruptcy Act for creditor protection, but does not affect various states that provide their own creditor protection statutes for owned and inherited IRA accounts.