SCOTUS Rules Inherited IRAs Are Not Retirement Funds

June 19, 2014Articles Employee Benefit News

On June 12, the United States Supreme Court ruled that funds held in an “inherited IRA” are not retirement funds within the meaning of Section 522(b)(3)(C) of the Bankruptcy Code. As such, these funds are not exempt from the IRA holder’s bankruptcy estate and are subject to the claims of creditors in bankruptcy.

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