"At least in some circumstances, the Clark decision will influence (i) IRA owners, in choosing whether to name a spouse, another person or, e.g., a spendthrift trust as beneficiary (a matter of some complexity), and (ii) spouses who inherit IRAs, in choosing whether to roll those funds to the spouse's own IRA (a choice which also involves tax and other considerations). In addition, IRA providers should update their procedures and, if applicable, written IRA materials to reflect this distinction between inherited IRAs and other IRAs." [Clark v. Rameker, No. 13-299 (U.S. June 12, 2014)]  MORE >>