Caution: Creditors Now Have Easy Access to Inherited IRAs
Do you have IRAs or other retirement accounts that you plan to leave to your loved ones? If so, proceed with caution. Most people don’t know the law has changed: inherited retirement accounts no longer have asset protection, meaning they can be seized by strangers.
Posted on January 15, 2016

How Can Inherited IRAs Be Protected? Enter the Standalone Retirement Trust
Fortunately, retirement account protection still exists but only if you take action. Many people like you are using Standalone Retirement Trusts (SRT) to protect retirement assets. The SRT is a special type of revocable trust just for retirement accounts.
A properly drafted SRT:
- Protects the inherited retirement accounts from creditors as well as predators and lawsuits
- Ensures that inherited retirement accounts remain in your bloodline and out of the hands of a daughter-in-law or son-in-law or former daughter-in-law or son-in-law
- Allows for experienced investment management and oversight of the assets by a professional trustee
- Prevents the beneficiary from gambling away the inherited retirement account or blowing it all on exotic vacations, expensive jewelry, designer shoes, and fast cars
- Enables proper planning for a special needs beneficiary
- Permits you to name minor beneficiaries such as grandchildren without the need for a court-supervised guardianship
- Facilitates generation-skipping transfer tax planning to ensure that estate taxes are minimized or even eliminated at each generation of your family
The Bottom Line on Protecting Inherited IRAs
Unfortunately, the Supreme Court decision has made outright beneficiary designations for IRAs and other retirement accounts risky business. However, we are here to help you decide whether an SRT is a good fit for you and to answer your questions about protecting your retirement accounts. We look forward to hearing from you.
More from our blog…
Mostbet Aviator: Software, Rules & Trick
Mostbet Aviator: Software, Rules & TricksMostbet Aviator: Demo, Tricks, Algorithm, Signal, Overview 2023ContentAviator Game Mostbet And Demo & SignalMidfielder Reveals Not Enough Communication Led To [...]
Mostbet Review India 2023: Scam Or Real? Find Out
Mostbet Review India 2023: Scam Or Real? Find Out!Batery Aviator Game: Tricks, Demo, Strategies 2023ContentMostbet Aviator App Promo CodeYou Are Ready To Start Betting!Best Apps [...]
Mostbet India: Official Site For Online Betting, Bonus 25,00
Mostbet India: Official Site For Online Betting, Bonus 25,000Mostbet Bookmaker Review Bonuses, Apps, RegistrationContentSports Betting At MostbetMostbet License And RegulationIpl BettingTypes Of BetsMy Complaint Is [...]
Mostbet Registration: Register An Account, Verify Plus Logi
Mostbet Registration: Register An Account, Verify Plus LoginMostbet Apps India Review Bonuses Register GamesContentHow To Make Use Of Bet SlipFriday BonusSports CategoriesWhat Are The Minimal [...]
Recent blog posts
FREE WEBINAR
5 Things to Know About
Estate Planning
When You Turn Sixty-Five