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
yes
No, the are protected by the courts.
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.
An IRA is a retirement account for which there are heavy tax penalties for early withdrawal--and that is if you are willing. Most likely tax qualified retirement assets are protected from judgments and garnishments.