U.S. Supreme Court denies bankruptcy protection for inherited IRAs

The U.S. Supreme Court’s recent decision in Clark v. Rameker has given individuals with IRAs a new reason to consider the use of trusts as their designated beneficiaries.  On June 12, 2014, the Court’s unanimous decision made clear that inherited IRAs do not receive bankruptcy protection under federal law.

FEDERAL EXEMPTION

Filed under:
USA, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Tucker Ellis, Bankruptcy, Debtor
Authors:
Susan L. Racey , Thomas W. Coffey , Robert S. Frost , Peter A. Igel , Erica E. McGregor , Rennie C. Rutman
Location:
USA
Firm:
Tucker Ellis