The Internal Revenue Code defines an IRA as an individual retirement account/ annuity which was acquired because of the death of another person when the recipient was not the surviving spouse. The Judicial Code protects retirement funds and accounts from attachment or execution by judgment creditors. Until recently, Pennsylvania Courts had not addressed whether inherited IRAs were subject to that protection. In June, the Pennsylvania Supreme Court denied an appeal from a January 2022 ruling by the Superior Court of Pennsylvania regarding Inherited IRAs. The issue arose in an Allegheny County garnishment action and was eventually presented before the Pennsylvania… read more »
Posts Tagged ‘Superior Court’
Locations
York Office:
135 North George Street
York, PA 17401
Phone: (717) 848-4900 | Fax: (717) 843-9039
East Berlin Office:
106 Harrisburg Street
P.O. Box 606
East Berlin, PA 17316
Phone: (717) 259-9592 | Fax: (717) 259-9148
Hanover Office:
215 Broadway
Hanover, PA 17331
Phone: (717) 632-0067| Fax: (717) 259-9148
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