Recent Supreme Court to Impact Asset Protection Strategies for Inherited IRA Holders, According to I

Supreme Court held that inherited IRAs do not enjoy the protections of IRAs in bankruptcy proceedings New York, NY (PRWEB) June 24, 2014 On June 12, 2014, the Supreme Court unanimously upheld a Seventh Circuit decision that said inherited IRAs do not enjoy the protections of IRAs in bankruptcy proceedings. Tax law treats IRAs inherited from a non-spouse (“Inherited IRAs”) differently from IRAs bequeathed by a spouse. According to Adam Bergman, a tax partner with the IRA Financial Group, there are millions of inherited IRAs that are now being confronted with the prospect of not having tho
Contributor
About
PRWeb, a leader in online news and press release distribution, has been used by attorneys, law firms and more than 40,000 organizations