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...
Anne Prenner Schmidt, Esq., Master of Laws
Firm News
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...