logo dark logo light logo
  • About
    • Team Members
    • How We Are Different
    • Teamwork Philosophy
  • Services
    • Estate Planning
      • Trust & Probate Administration
      • Special Needs Planning
      • Irrevocable Life Insurance Trusts
    • Business Planning
    • Medicaid Planning
    • Veteran’s Benefits
    • Legacy Planning
  • Client Dashboard
    • Document Hub
    • Action Step Portal
    • Training for Helpers & Beneficiaries
    • Video Lesson Library
    • Client Suggestion Box
    • Make a Payment
  • Insight Portal
  • Events
  • Bobby’s Blog
  • Resources
    • FAQs
    • Overview of DocuBank
    • How to Approach Disability Planning
    • Resource Partners
    • Helpful Sites
    • Resources
    • CE Credits for Financial Professionals
    • Recommended Reading List
  • Payment
  • Contact
  • 703.654.6019
logo
  • About
    • Team Members
    • How We Are Different
    • Teamwork Philosophy
  • Services
    • Estate Planning
      • Trust & Probate Administration
      • Special Needs Planning
      • Irrevocable Life Insurance Trusts
    • Business Planning
    • Medicaid Planning
    • Veteran’s Benefits
    • Legacy Planning
  • Client Dashboard
    • Document Hub
    • Action Step Portal
    • Training for Helpers & Beneficiaries
    • Video Lesson Library
    • Client Suggestion Box
    • Make a Payment
  • Insight Portal
  • Events
  • Bobby’s Blog
  • Resources
    • FAQs
    • Overview of DocuBank
    • How to Approach Disability Planning
    • Resource Partners
    • Helpful Sites
    • Resources
    • CE Credits for Financial Professionals
    • Recommended Reading List
  • Payment
  • Contact
  • 703.654.6019
mobile logo
  • About
    • Team Members
    • How We Are Different
    • Teamwork Philosophy
  • Services
    • Estate Planning
      • Trust & Probate Administration
      • Special Needs Planning
      • Irrevocable Life Insurance Trusts
    • Business Planning
    • Medicaid Planning
    • Veteran’s Benefits
    • Legacy Planning
  • Client Dashboard
    • Document Hub
    • Action Step Portal
    • Training for Helpers & Beneficiaries
    • Video Lesson Library
    • Client Suggestion Box
    • Make a Payment
  • Insight Portal
  • Events
  • Bobby’s Blog
  • Resources
    • FAQs
    • Overview of DocuBank
    • How to Approach Disability Planning
    • Resource Partners
    • Helpful Sites
    • Resources
    • CE Credits for Financial Professionals
    • Recommended Reading List
  • Payment
  • Contact
  • 703.654.6019
31 July
0 Comments
Share
  • Facebook
  • Twitter
  • LinkedIn
Sticky

Landmark Supreme Court Decision Exposes Inherited IRAs To Creditors In Bankruptcy

Posted by KarenLewis
in Current Events

The U.S. Supreme Court held in Clark v. Rameker that inherited IRAs are not “retirement funds” within the meaning of 11 U.S.C. §522(b)(3)(c), a federal bankruptcy law. This means inherited IRAs are available to satisfy creditors’ claims. How the SCOTUS Reached Its Decision The Court relied upon three factors to differentiate an inherited IRA from a participant-owned IRA. The three factors include: (1) the beneficiary of an inherited IRA cannot make additional contributions to the account, while an IRA owner can, (2) the beneficiary of an inherited IRA must take required minimum distributions from the account regardless of how...

Continue reading

© 2022 Insight Law, All Rights Reserved

Site Maintenance: SA Designs