Tuesday, December 8, 2015
Karen K. Suhre, Courtney M. Vomund (Lewis Rice, LLC), & Christopher R. Hoyt (Professor of Law, University of Missouri School of Law) recently published an article entitled, Bankruptcy Protection of Retirement Plan Beneficiaries After Clark v. Rameker, 50 Real Property, 50 Real Prop. Tr. & Est. L.J. 41-74 (2015). Provided below is an abstract of the article:
The Supreme Court’s recent decision in Clark v. Rameker held that a non-spouse beneficiary’s interest in an inherited IRA was not exempt from the beneficiary’s bankruptcy estate. This Article explores the rationale of the Supreme Court and the impact of this holding on other types of tax-favored retirement plans and accounts received by beneficiaries.