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The Paley Rothman Blog

Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our a ttorneys. The information in the blogs and articles is not a substitute for legal advice and should not be relied on as such. Should you have any questions or want legal advice, please contact the attorney who wrote the blog or article.

Estate & Trust Administration, Estate Planning

July 7, 2014

Inherited IRAs Are Not Exempt in Bankruptcy

By Arnold Sherman, Jessica Summers, Paula Calimafde on July 7, 2014

The Supreme Court has unanimously ruled that inherited IRAs do not qualify for a bankruptcy exemption; that is, they are not protected from creditors in bankruptcy. Clark, No. 13-299 (June 12, 2014).

Tags: estate planning, supreme court, bankruptcy, ira