Clark v. Rameker, 573 U.S. 122 (2014).


Inherited Individual Retirement Accounts


The Supreme Court of the United States in an unanimous opinion held that funds contained in an inherited IRA are not exempt from the owner’s bankruptcy estate.  These funds are not the “retirement funds” of the new owner but are instead part of the owner’s general assets.


Moral:  A person who inherits an IRA may need to take steps to protect those funds from creditor attack.