Beneficiaries of Inherited IRAs May Soon Have Asset Protected IRAs

Florida House bill 469, which was recently passed by the house and senate, states that an inherited IRA is asset protected for the Florida domiciled beneficiary. This is a recent change to court decisions which did not protect the beneficiary of an IRA from creditor’s claims. This new law should even apply in Bankruptcy because in Florida the Bankruptcy court uses and analyses state law to determine certain exemptions.

The bill is expected to be signed by Governor Scott soon.

Contact Information