RETIREMENT ACCOUNT PROTECTION
Retirement accounts remain most people’s most valuable asset. As such, they remain a target for creditors and predators, which can include those who win a lawsuit against you and even your family members. To make matters worse, a recent U.S. Supreme Court decision affirmed that a retirement account inherited by an individual has no protection from creditors. However, there is good news. Recent changes in the way the IRS governs minimum required distributions make it easier to spread your wealth to subsequent generations while providing protection for the inherited retirement account.