On June 12, 2014, the U.S. Supreme Court decided the case of Clark v. Rameker. The Court held that Inherited IRA’s were not “retirement funds” and therefore, not protected assets in bankruptcy. Background The petitioners in the case had filed for Chapter 7 bankruptcy and were seeking to exclude approximately $300,000 from the bankruptcy estateContinue reading “Inherited IRAs are Not Protected in Bankruptcy as “Retirement Funds””
Tag Archives: inheritance
Life settlement , what you need to know
Investor Bulletin on Life Settlements The Office of Investor Education and Advocacy is issuing this Investor Bulletin to highlight information about life settlements and some of the risks these types of transactions may pose for investors. Individual investors considering a life settlement transaction may wish to keep the following points in mind and seek guidanceContinue reading “Life settlement , what you need to know”