On June 30, 2014, the Supreme Court ruled that Hobby Lobby and other family owned and closely held for-profit companies can opt out of the Affordable Care Act’s requirement to provide no-cost prescription contraception in most health insurance plans. Hobby Lobby’s...
Anne Prenner Schmidt, Esq., Master of Laws
Firm News
U.S. Supreme Court finds inherited IRAs not protected in bankruptcy
On June 12, 2014, the Supreme Court unanimously upheld a Seventh Circuit decision that said inherited IRAs do not enjoy the protections of IRAs in bankruptcy proceedings. The petitioner in Clark v. Rameker, Trustee, Hedi Heffron-Clark, inherited an IRA worth about...
Deadline looming to amend retirement plans for same-sex benefits
The recent IRS Notice 2014-19 provides much needed guidance on how qualified retirement plans should treat the marriages of same-sex couples following the Supreme Court’s decision in United States v. Windsor. The Windsor decision invalidated Section 3 of the 1996...