Trusts & Estates
Jun. 25, 2014
Did I leave my estate to my child's creditors?
A recent ruling will force many people to evaluate their estate plans. By Anthony J. Napolitano and Kimberly B. Napolitano
People often save with the goals of providing for their retirement, their medical needs, and then for leaving an inheritance to their family and friends. On June 12, in Clark v. Rameker, 2014 DJDAR 7431, the U.S. Supreme Court added to this complexity by finding that certain inherited Individual Retirement Accounts (IRAs) are not exempt in bankruptcy. The ruling will force many people to evaluate their es...
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