United States Supreme Court

Supreme Court To Hear Important Case on Inherited IRAs and Bankruptcy

The United States Supreme Court has agreed to hear arguments in a case that involves a married couple who went bankrupt after opening a pizza shop.  They owe their creditors $700,000.  However, the wife’s late mother left them $300,000 in an IRA.  In ordinary bankruptcy proceedings, IRAs are generally considered off-limits (which is one of…