Posts Categorized: Estate Planning

Browse recent news and blog posts related to estate planning below. If you need trust & estate legal services or wish to browse our attorneys visit our Utah trusts and estates practice page.

Inherited IRA’s Are Not Protected in Bankruptcy

bankruptcy inherited IRA

June 2014 On June 12, 2014, the United States Supreme Court ruled that an IRA inherited by an individual (other than a spouse) is subject to a debtor’s creditors in a bankruptcy proceeding. Clark v. Rameker, 573 U.S. 7th Circuit (2014).  In order to allow a debtor a fresh start, the bankruptcy code allows the debtor… Read more »

Avoiding Common Pitfalls of Estate Planning

September 2014 Estate planning is a process—not an event—often wrought with common and routine mistakes, the most common of which include the following: no planning at all; failure to coordinate insurance/retirement assets with an estate plan; adding individuals to bank accounts; transferring family home in joint tenancy with an adult child; and no planning for… Read more »