IRAs
How to Draft IRA Trusts – Teleconference
Attorneys interested in learning more about IRA Trusts may wish to sign up for my 90 minute teleconference, How to Draft IRA Trusts,…
Bankruptcy Courts Agree – Inherited IRAs Exempt
With the Texas case of In re Chilton reversed in U.S. District Court, which held that the debtor’s inherited IRA was exempt from the…
Separate Accounts for Your IRA Will Help the Beneficiaries
The distribution rules for inherited IRAs generally make it advantageous to have separate accounts, which can be done during your lifetime or…
NC Supreme Court Decision Kinlaw V. Harris IRA Exemption Case
I previously blogged about the ruling by the North Carolina Court of Appeals that in addition to IRA accounts being exempt from…
Texas Court Rules Inherited IRA Protected in Bankruptcy
In a ruling entered on March 16, 2011, the U.S. District Court for the Eastern District of Texas, in Chilton v. Moser (2011,…
Missed Your IRA Rollver Deadline? All May Not be Lost
The IRS is often accused of being heartless, but it does show some compassion to taxpayers who cannot complete an IRA rollover…
Decision Time is Here if You Did a Roth IRA Conversion in 2010
The rule that made higher-income folks ineligible for Roth IRA conversions expired at the end of 2009. That made 2010 a big…
NC Court of Appeals Holds IRA Withdrawals Exempt from Creditors
The North Carolina Court of Appeals, in Kinlaw v. Johnson, confirmed statutory law protecting IRAs from creditors, and extended the protection to the…
IRA Experts Keen On Roth Conversions
Three of four prominent IRA experts have either already utilized a Roth conversion or plan to do so, and the fourth says…
Inheriting an IRA from a spouse? Make sure you know the rules
When it comes to inheriting an IRA, spouses have more flexibility than other heirs. Here are the basic rules: The surviving spouse…
