“Thought for the Day” #908 – by Stephen R. Elville, J.D., LL.M.

February 17, 2017

Favorable IRS rules combined with widely accepted asset protection techniques allow for the easy creditor protection, bad marriage protection, law suit protection, and bankruptcy protection (along with other protections) of inherited IRAs for the vast majority of people while maximizing beneficiary income tax advantages. Where a beneficiary has disabilities or other challenges, the inherited IRA can also be protected and maximized for income tax purposes, although special considerations are required.