Since inherited IRAs have no creditor protection such as the owned-IRA once had,
what suggestions might anyone offer to protect that future inherited Roth IRA?
Obviously, a Trust as beneficiary of the IRA is a possibility but as well pointed out,
that brings a good deal of complexity as well as potential pitfalls in initial setup and the ongoing additional tax reporting of a Trust.
Some natural protections that come to mind would be ensuring that the recipients make certain to carry sufficient liability insurance on auto and home. Also, good (as feasible) medical insurance to hopefully avoid most potential medical charges.
What other suggestions or corrections would you make?
The intent of the inheritance is to provide a safety net for non-spousal, mid-40s family members including a potential college fund for their children.
Thanks for your suggestions.
WD