Insurance News Net reports that bankrupt investors lucky enough to benefit from nonspousal inherited individual retirement accounts (IRAs) are better off living in some states.

Alaska, Arizona, Florida, Missouri, North Carolina, Ohio and Texas are the only states where nonspousal inherited IRAs are safe from trustees seeking assets in the settlement of bankruptcy cases, said Seymour Goldberg, senior partner and IRA trustee expert with Goldberg & Goldberg in Woodbury, N.Y.

via Nonspousal Inherited IRA Assets Protected In 7 States – Top News – InsuranceNewsNet.com.

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