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Inherited IRAs Not Protected – Unless . . .

In Clark v. Rameker (June 12, 2014) the US Supreme Court ruled that inherited IRAs will not be protected against bankruptcy. Jay Adkisson summarized the background and the result in Forbes: Ruth Heffron established a traditional IRA in 2000, and then promptly died the following year. At the time of Ruth’s passing, there was $450,000 in the IRA The sole beneficiary-on-death of Ruth’s IRA was her daughter, Heidi Heffon-Clark. After Ruth passed, Heidi decided…

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