Weeks ago, I commented on Forbs post regarding establishing a “conduit trust” for a non-spousal IRA beneficiary, usually an adult child. The attorney was recommending 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…
Tag: IRA
It’s Splitsville: Divorce and SPIAs 2015 Update
A few readers asked me to make further comments regarding the particular deferred income annuity (DIA) marital property case involving an IRA DIA contract highlighted in the LifehealthPro article I authored last year in April 2014 when DIAs feature adjustable start dates. Most DIA (IRAs and non-qualified) contracts feature adjustable start dates that can, upon the owner’s request, be advanced or delayed up to five years from the issued contract’s…
