Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, August 1, 2014

CLE on Protection of IRA & Qualified Plan Asssets

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The American Bar Association section of Real Property, Trust and Estate Law is holding a CLE entitled, Protection of IRA & Qualified Plan Assets After Clark v. Rameker, on August 19, 2014 from 1:00 – 2:30 PM CT via webinar.  Here is why you should attend:

Retirement plan assets have become a major factor in the USA, amounting to approximately $23trillion as of December 31, 2013. Individual Retirement Accounts (IRA) were some $6.5trillion of that total, and have been looked upon as a tool for closing out many company and government sponsored retirement accounts. Many estate plans use IRA accounts as an integral part of succession planning.

On June 12, 2014 the U.S. Supreme Court unanimously ruled in Clark v. Rameker that an inherited IRA is not exempt from claims of creditors under the Bankruptcy Code provisions that generally exempt "retirement funds" from claims of creditors. The effects of this decision are complex and may reach beyond "inherited IRAs."  During this presentation our panel will discuss the ramifications of this decision and offer thoughts about the opinion and alternate techniques to protect inherited IRAs and other retirement benefits from creditors' claims.


Conferences & CLE, Estate Planning - Generally, New Cases, Non-Probate Assets | Permalink

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