[WSBAPT] Inherited IRA subject to IRS lien?

[Amy Goertz]

Young client's father recently passed away. His dad had some issues with the IRS, including having had the IRS seize his personal checking account approximately a year ago. The son does not know how much is/was owed to the IRS or how much was taken from the account.

Client and his brother are only heirs and are named beneficiaries on $100,000 life insurance policy and $36,000 IRA. There are no other assets whatsoever.

Can the IRS come after these funds or are they exempt?

Thanks in advance for your input.

Amy

Amy J. Goertz, J.D.
Elder Law Group PLLC
207 W. Nora Avenue
Spokane, WA  99205-4848
Phone:  509.468.0551
Fax:       509.465.9116
Email:  amy at elgwa.com<mailto:amy at elgwa.com>
www.ElderLawGroupWA.com<http://www.elderlawgroupwa.com/>

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