Changes to IRA inheritance laws

Estate Planning


Changes to IRA inheritance laws

The United States Supreme Court, in a decision that surprised many, held that, after the death of an IRA owner, assets in an inherited IRA for a non-spouse beneficiary no longer constitute retirement funds for bankruptcy purposes; therefore, they are not protected from creditors’ claims when a non-spouse beneficiary files for bankruptcy. So if you want to be sure that your children inherit your retirement money and get to keep it even in a bankruptcy you need to be sure your trust complies with Treasury Regulations relating to naming your trust as beneficiary.

Estate Planning Inquiry

If you would like more information, please contact Alvin H. Kriger below. Please note that this information is strictly confidential and will only be used to respond to your inquiry.


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