Helping individuals and businesses take advantage of asset protection laws
Last week, the U.S. Supreme Court (in the case of Clark v. Rameker) decided that an inherited IRA is not protected from your creditors in bankruptcy.
Until yesterday’s ruling, courts had been split on this issue. In the Clark case, the Bankruptcy Court ruled that an inherited IRA does not share the same…
It is now well settled that a limited liability company insulates the owners from the debts of the company.
It is nevertheless reassuring when a court re-affirms basic LLC protections. In Dover Phila Heating v. SJS Restaurants 185 Ohio App.3d 107, 2009-Ohio-6187, the Ohio Court of Appeals for the Fifth Appellate District confirmed once again…
