Wills, Trusts & Estates Prof Blog

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

Sunday, January 31, 2016

How Financial Advisors Benefit From People Protecting Their Inherited IRAs

Business_expenseThe recent decision by the United States Supreme Court that inherited IRAs are not protected from bankruptcy creditors creates a risk for clients but an opportunity for financial advisors. This article discusses some of the main reasons why protecting inherited IRAs benefit financial advisors. It also lists out some of the important steps people can take to protect their inherited IRAs from creditors. As this column explains one of the best options for protecting a retirement account involves creating a Standalone Retirement Trust (SRT). The changes in the laws have amplified the need for beneficiaries of retirement accounts to stay informed about the current rules and regulations. It is a good idea to meet with a trusted estate planning professional who has expert knowledge on this subject and can provide clients with individualized guidance.

See How Protecting Inherited IRAs Benefits Financial Advisors, Wealth Management, January 29, 2016.

Special thanks to Jim Hillhouse for bringing this article to my attention.


Estate Planning - Generally, Non-Probate Assets, Trusts, Wills | Permalink


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