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<p class="MsoNormal"><span style="color:#1F497D">Interesting situation—unfavorable 2015 SCOTUS decision, and favorable (I think) Washington Statute. I’m not up to date on bankruptcy law. Please respond to list with what further you discover.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">2014 SCOTUS Case:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="color:#1F497D">Clark v. Rameker, 134 S. Ct. 2242 (U.S. S.Ct 2014)
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><b><i><span style="color:#1F497D"><a href="http://scholar.google.com/scholar_case?case=6536441922745620892&hl=en&as_sdt=2006&btnI=1" target="_blank"><span style="font-weight:normal">View this case in Google Scholar:
Clark v. Rameker, 134 S. Ct. 2242 (U.S. S.Ct 2014) </span></a><o:p></o:p></span></i></b></p>
<p class="MsoNormal" style="margin-left:.5in"><b><span style="color:#1F497D">Topics<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:1.0in;text-indent:-.25in;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:Symbol;color:#1F497D"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="color:#1F497D"><a href="https://www.legalconsumer.com/bankruptcy/bankruptcy-case.php?TopicID=77&CitationID=1519"><span style="font-weight:normal">77. Exemptions: Inherited IRAs exempt under either 522(b)(3)(C)
or 522(d)(12)?</span></a><o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="color:#1F497D">Form 22A Line: ::
<i>Form 22C Line: </i><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><b><span style="color:#1F497D">Case Type: B - No, inherited IRAS are not exempt.
<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="color:#1F497D;background:yellow;mso-highlight:yellow">Supreme Court holds that Inherited IRAS are NOT exempt in bankruptcy under federal law. Does not address state law exemptions.</span><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">WA Statute:<o:p></o:p></span></p>
<h4 style="margin-left:.5in">RCW 6.15.020<span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></h4>
<h4 style="margin-left:.5in">Pension money exempt—Exceptions—Transfer of spouse's interest in employee benefit plan.<o:p></o:p></h4>
<p class="MsoNormal" style="margin-left:.5in;text-indent:.25in">(1) It is the policy of the state of Washington to ensure the well-being of its citizens by protecting retirement income to which they are or may become entitled. For that purpose generally and
pursuant to the authority granted to the state of Washington under 11 U.S.C. Sec. 522(b)(2), the exemptions in this section relating to retirement benefits are provided.<o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:.25in">(2) Unless otherwise provided by federal law, any money received by any citizen of the state of Washington as a pension from the government of the United States, whether the same be in the actual
possession of such person or be deposited or loaned, shall be exempt from execution, attachment, garnishment, or seizure by or under any legal process whatever, and when a debtor dies, or absconds, and leaves his or her family any money exempted by this subsection,
the same shall be exempt to the family as provided in this subsection. This subsection shall not apply to child support collection actions issued under chapter
<a href="http://app.leg.wa.gov/RCW/default.aspx?cite=26.18">26.18</a>, 26.23, or <a href="http://app.leg.wa.gov/RCW/default.aspx?cite=74.20A">
74.20A</a> RCW, if otherwise permitted by federal law.<o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:.25in">(3) The right of a person to a pension, annuity, or retirement allowance or disability allowance, or death benefits, or any optional benefit, or any other right accrued or accruing to any citizen
of the state of Washington under any employee benefit plan, and any fund created by such a plan or arrangement, shall be exempt from execution, attachment, garnishment, or seizure by or under any legal process whatever. This subsection shall not apply to child
support collection actions issued under chapter <a href="http://app.leg.wa.gov/RCW/default.aspx?cite=26.18">
26.18</a>, 26.23, or <a href="http://app.leg.wa.gov/RCW/default.aspx?cite=74.20A">
74.20A</a> RCW if otherwise permitted by federal law. <span style="background:yellow;mso-highlight:yellow">
This subsection shall permit benefits under any such plan or arrangement to be payable to a spouse, former spouse, child, or other dependent of a participant in such plan to the extent expressly provided for in a qualified domestic relations order that meets
the requirements for such orders under the plan, or, in the case of benefits payable under a plan described in 26 U.S.C. Sec. 403(b) or 408 of the internal revenue code of 1986, as amended, or section 409 of such code as in effect before January 1, 1984, to
the extent provided in any order issued by a court of competent jurisdiction that provides for maintenance or support. This subsection does not prohibit actions against an employee benefit plan, or fund for valid obligations incurred by the plan or fund for
the benefit of the plan or fund.</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Dave Moe<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">David Moe, Attorney<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">David L. Moe & Associates, P.S.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Telephone: 425-432-1277<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Fax: 425-432-1280<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Address: <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">22128 SE 237th<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Maple Valley, WA 98038<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Email: <a href="mailto:davidmoe@maplevalleylaw.com" target="_parent">
davidmoe@maplevalleylaw.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">url: <a href="http://www.maplevalleylaw.com/" target="_parent">
http://www.maplevalleylaw.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"> <o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy">CONFIDENTIALITY NOTICE: </span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:navy"> This communication is intended for the sole use of
the individual and entity to whom it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you have received this communication in error, please notify this firm immediately by collect
call (425)-432-1277, or by reply to this communication.</span><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Amy Goertz<br>
<b>Sent:</b> Wednesday, April 20, 2016 11:49 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Inherited IRA subject to IRS lien?<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">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. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">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.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Can the IRS come after these funds or are they exempt?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Thanks in advance for your input.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Amy<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal" style="text-autospace:none"><i><span style="font-size:20.0pt;font-family:"Monotype Corsiva";color:#1F497D">Amy J. Goertz, J.D.<o:p></o:p></span></i></p>
<p class="MsoNormal" style="text-autospace:none"><b><span style="font-size:14.0pt;font-family:"Times New Roman",serif;color:#1F497D">Elder Law Group PLLC<o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">207 W. Nora Avenue<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">Spokane, WA 99205-4848<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">Phone: 509.468.0551<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">Fax: 509.465.9116<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">Email:
<a href="mailto:amy@elgwa.com"><span style="color:#0563C1">amy@elgwa.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D"><a href="http://www.elderlawgroupwa.com/"><span style="color:#0563C1">www.ElderLawGroupWA.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#C00000">Confidentiality Note:</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"> The preceding e-mail message
(including any attachments) contains information that may be confidential, protected by applicable legal privileges, or constitute non-public information. It is intended to be conveyed only to the designated recipient(s). If you are not an intended recipient
of this message, please notify the sender by replying to this message and then delete it from your system. Use, dissemination, distribution or reproduction of this message by unintended recipients is not authorized and may be unlawful.
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we hereby inform you that any U. S. tax advice
contained in this communication (including attachments, if any) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party
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