(U.S. Supreme Court, Issued June 12, 2014)
The U.S. Supreme Court holds that funds in an inherited IRA cannot be exempted from property of the estate as “retirement funds.” Congress did not intend for inherited IRAs to be exemptable property because of the inherent differences between an inherited IRA and a traditional IRA, including that funds from inherited IRAs may be withdrawn at any time. Opinion below.
Kentuckiana Bankruptcy Opinions 