other received a hospital debt for four grand and is worried that a hospital could sue her ira for it .shed pay it but is only living on social security and cant afford to pay out the last four grand in a hospital debt
Your IRA is protected from Creditors, they have no right to bother your IRA.
No the IRA would no longer be protected having been inherited.
None
No, the are protected by the courts.
yes
In California, Individual Retirement Accounts (IRAs) generally have some protection from creditors, including in bankruptcy proceedings. However, this protection can vary based on the type of IRA and the circumstances of the lawsuit. While traditional and Roth IRAs are typically protected up to a certain limit under federal law, additional state laws may apply, which could affect the level of protection. It's advisable to consult with a legal expert for specific situations.
Yes Yes
No !!!! IRA's are protected under ERISA against any creditor for any reason.
all ERISA qualified retirement plans are protected from creditors in a BK.
Only if they are in a qualified retirement plan, like an IRA.
http://www.bankrate.com/brm/news/ira/20010829a.asp?prodtype=grn Anyone have more current information? Or is info still current?
Absolutely. It being exempt from creditors is a main benefit of qualified retirement accounts. Not "absolutely." Properly established IRAs are protected up to one million dollars, and a bankruptcy court can extend that higher. Any money that you withdraw from an IRA, unless it is all placed in another IRA or a 401(k) or other qualified retirement plan, is not protected.