Inherited IRA isn’t exempt in bankruptcy 
Published: April 29, 2013
Tags: exemption, Individual Retirement Account, inheritance, IRA, wills and trusts
An IRA that a debtor inherited from her mother was not exempt from creditors’ claims in her bankruptcy case, the 7th U.S. Circuit Court of Appeals has ruled in reversing judgment.
The tax implications of the health care law
By:
Correy Stephenson
Published: July 19, 2012
Tags: estate planning, health care reform, IRA, retirement planning, Roth IRA, surcharge tax, taxation, trusts and estates
When the U.S. Supreme Court ruled on the health care law late last month, the decision upholding the individual health insurance mandate made headlines.
But lost in the details and unknown to many was the 3.8 percent surcharge tax on net investment income set to take effect Jan. 1, 2013.
ERISA plan can use IRA rollover to reduce benefits
Published: July 6, 2012
Tags: disability benefits, ERISA, IRA, offset
An ERISA plan could use an insured’s rollover of pension benefits into an individual retirement account to justify the reduction of his long-term disability benefits, the 9th Circuit has ruled in affirming judgment.
IRS proposes new rule for IRA partial annuity distributions
Published: February 17, 2012
Tags: annuities, Internal Revenue Service, IRA, IRS, retirement account
The Internal Revenue Service has proposed new rules that would allow IRA holders to receive partial annuity options.
Tax on income from inherited IRA couldn’t be avoided
Published: November 17, 2011
Tags: Individual Retirement Account, IRA, taxation
An unreported retirement distribution related to an inherited individual retirement account is taxable, regardless of the taxpayer’s maneuver to obtain the funds through a trustee-to-trustee transaction, the U.S. Tax Court has ruled in upholding a $13,600 deficiency assessment.
Inherited IRA exempt from beneficiary’s bankruptcy estate
Published: April 29, 2011
Tags: IRA, taxation
An inherited IRA is exempt from the beneficiary’s bankruptcy estate, a U.S. Bankruptcy Court in Arizona has ruled.
Estate planning lawyers get tons of work from new tax law
By:
Sylvia Hsieh
Published: March 16, 2011
Tags: estate planning, estate tax, gift tax, IRA, Obama, retirement planning, Roth IRA
The new tax law, which contains changes to estate, gift and income tax rules, should keep estate planning attorneys busy advising clients on retirement planning for at least the next two years.
IRA beneficiaries must arbitrate dispute
By:
Pat Murphy
Published: March 8, 2011
Tags: arbitration, estate planning, IRA, retirement planning
The putative beneficiaries of an individual retirement account are subject to a mandatory arbitration agreement executed by their father when he opened the account, the Oregon Court of Appeals has ruled in reversing judgment.
State slayer law doesn’t affect beneficiary designation
By:
Pat Murphy
Published: May 27, 2010
Tags: IRA, required minimum distributions, slayer statute, taxation
A man who murdered a woman remained the designated beneficiary on her IRAs for federal tax purposes – even though a state slayer law prevented him from receiving any distributions from the accounts, the IRS has concluded in a private letter ruling.
Inherited IRA is exempt property in bankruptcy
By:
Pat Murphy
Published: April 14, 2010
Tags: Chapter 7, IRA, retirement funds
An individual retirement account that a Chapter 7 debtor inherited from her father was exempt from her bankruptcy estate, the 8th Circuit Bankruptcy Appellate Panel has ruled in affirming judgment.
