Recent news from our friend, Bob Keebler:

The US Supreme Court has unanimously ruled in the Clark case that funds held in inherited IRAs are NOT “retirement funds” within the meaning of §522(b)(3)(C) and therefore are not protected in bankruptcy. It is clear that IRAs are exempted but, before this decision, whether an inherited IRA was subject to the same protection had varying precedent. The decision in Clark is another reason why naming a qualified trust as beneficiary of an IRA is beneficial.

Sincerely,

Bob

Robert S. Keebler, CPA, MST, AEP (Distinguished)
Principal at Keebler & Associates, LLP
420 South Washington Street
Green Bay, WI 54301
920.593.1701

Not affiliated with Strauss Attorneys PLLC.

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