Inherited IRAs Subject to Bankruptcy Creditors
By: Jason Palmisano In 2001, Heidi Heffron-Clark of Wisconsin inherited an individual retirement account (IRA) valued just over $450,000 from her mother. In 2010, Heidi and her husband filed for bankruptcy. The Clarks sought to exclude the inherited IRA from their bankruptcy estate which would block their creditors from obtaining any proceeds from the inherited … Continue reading Inherited IRAs Subject to Bankruptcy Creditors
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