New Cracks in IRA Protection

Fox + Mattson discusses how to proceed in light of Supreme Court case, Clark v. Rameker, dealing with asset protection of inherited IRAs.

The old rule: IRAs were exempt from creditor claims in bankruptcy.  Now there’s an exception: IRA money left to your children will not be immune from their bankruptcy creditors, thanks to a recent U.S. Supreme Court decision.

But there is a way to deal with this and reset the protection.

via New Cracks in IRA Protection – Fox+Mattson, P.C. |

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.