Estate Planning Tip: Creditor Protection for IRAs & Beneficiaries
Individual Retirement Accounts (IRAs) have the potential benefit of creditor protection in the event of bankruptcy. If you are going through a bankruptcy proceeding then your IRAs will be protected against most creditors; in other words your IRA assets will be safe and no one will be able to seize them. It should be noted that state laws may limit the dollar amount of bankruptcy protection (many states provide unlimited protection).
