The Inheritance Protection Map: Which Assets Are Vulnerable to an Heir’s Creditors?
Knowledge Snapshot An inheritance can be exposed to an heir’s creditors, lawsuit claims, divorce proceedings, or bankruptcy. Probate avoidance and creditor protection are related, but they are not the same thing. A non-spouse inherited IRA is generally not protected by the federal bankruptcy exemption under Clark v. Rameker. A surviving spouse may be able to […]