OK so I am a bit late to post on this issue but late is better than never I guess. United States Supreme Court in Clark v. Rameker just held that IRA funds inherited by a debtor do not fall with in the retirement account exemption. Their reasoning which strikes us as entirely reasonable is that funds in an inherited IRA are immediately accessible without penalty to the owner and as such are not really retirement funds at all but instead a potential source of capital currently available to repay debts.
As always dont forget to check out the book.
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