The benefit of joint and survivor annuities over trusts: Opinion
January 11, 2017 by Gary Mettler
A recent Forbes post explored the idea of establishing a “conduit trust” for a non-spousal IRA beneficiary, usually an adult child. In the article, an attorney recommended such a trust from a creditor protection standpoint relative to the IRA beneficiary.
In June of 2014, the Supreme Court ruled a non-spousal inheritance of an IRA isn’t protected as “retirement funds” relative to the non-spousal beneficiary. Therefore, inherited IRA funds may be seized in a bankruptcy action.
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Originally Posted at LifeHealthPro on January 9, 2017 by Gary Mettler.
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