Women Aging Well Press Release
Is your IRA protected?
On June 12, 2014, in the case of Clark v. Rameker, the Supreme Court of the United States ruled that funds contained in an inherited individual retirement account (IRA) do not qualify as “retirement funds” within the meaning of the bankruptcy code exemption. The result of this unanimous decision was that a debtor’s bankruptcy trustee may consider the inherited IRA to be an asset of a bankruptcy estate, and is therefore available to satisfy a creditors’ claims.
While the decision in Clark may be limited in scope, it still leaves many questions unanswered. However, the good news is there are many things you can do to protect yourself and those you love. We recommend you make an appointment with one of our trusted attorneys to ensure your IRA is protected and to discuss the various options for protecting your IRA.
“Are You Smarter than a Fifth Grader?” – Gleed Takes on Kahakai Elementary’s Fifth-Grade Debate Team
No game-show needed for Darl C. Gleed to try his knowledge against the smarts of fifth-graders! This past weekend Mr. Gleed teamed with a high-school senior and a teacher to debate the topic of “universal health care” with the fifth-grade debate team of Kahakai Elementary School. Here is an excerpt from the article in West Hawaii Today about the event:
After about an hour of spirited debate, the judges and audience unanimously agreed: Kahakai Elementary’s fifth-grade debate team had prevailed over their opponents — a teacher, a high school senior and a West Hawaii attorney.
So if it had been an actual game-show, Mr. Gleed would have to admit he was not smarter than a fifth grader, at least in this round! The article cites some of his responses:
Gleed, likewise, was impressed by the students’ performance. The debate was “much more intense than I expected.” The students are “destined for some pretty good experiences at upper education levels,” he said. Gleed then added he would “keep an eye on them as my law firm expands.”
See the full article from West Hawaii Today about the event here.