Inherited IRAs May Be Exempt in Bankruptcy

Several years ago, the U.S. Supreme Court said heirs who inherited IRAs could not protect these assets under the federal Bankruptcy Code when they filed for bankruptcy (Clark v. Rameker, S.Ct., 573 U.S. 122 (2014)). However, a recent district court decision has shown there may be protection for heirs in some situations (Frederick Michael Arehart,…