Posts Categorized: Asset Protection

The practice of asset protection involves preserving your individual wealth or the assets of your business by minimizing the risk that various creditors can find and take your hard earned assets.

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 »