top of page

United States Supreme Court rules that an IRA that is inherited from a parent is not exempt from cre

  • Writer: Sarah Little
    Sarah Little
  • Jun 18, 2014
  • 1 min read

In a bankruptcy case decided last term, the United States Supreme Court affirmed the 7th Circuit's decision holding that funds in an inherited IRA are not set aside for the debtor's retirement and are thus not "retirement funds." The court did note that IRAs inherited from a spouse may be treated differently. Clark v. Rameker , 573 US___, 134 S.Ct. 2242 (2014).

 
 
 

Recent Posts

See All

Comments


© 2020 by Kornfield, Nyberg, Bendes, Kuhner & Little P.C. 

Join our mailing list

Never miss an update

bottom of page