[CLBS] FW: Roth IRAs Post from George DeFord.

[Patrick J. Geile]

Patrick J. Geile
Foley Freeman PLLC
Direct line: (208) 947-1563
Phone:  (208) 888-9111
From: George DeFord [mailto:rgdeford at qwest.net]
Sent: Thursday, March 28, 2013 3:16 PM
To: Patrick J. Geile
Subject: Roth IRAs

Pat:
I'm not sure how the link works, so I'm starting with you.
I have a client with approx. $12000 in Roth IRA investments, with no additional deposits within the past 3-4 years.
IC 11-604A appears to be broad enough to exempt the Roth IRAs; however, the only case I located on point anywhere was out of North Dakota, which ruled Roths were not exempt because of the different tax treatment compared to traditional IRAs. I found nothing on point in the Idaho bankruptcy opinions index.
The client is contemplating withdrawing from the Roths and reinvesting in traditional IRAs. Any suggestions? Thanks.
DeFord Law
R. George DeFord, Jr.
317 12th Avenue South
Nampa, Idaho  83651
(208) 461-3667


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