In Re Ard

MEMORANDUM OPINION AND ORDER GRANTING TRUSTEE’S MOTION FOR TURNOVER OF PROPERTY OF THE ESTATE

K. RODNEY MAY, Bankruptcy Judge.

The trustee opposes the debtor’s claim to exempt an IRA that she inherited more than ten years ago. For the reasons stated below, the Court concludes that, after the inheritance, the account acquired a different status under the retirement provisions of the Internal Revenue Code. Therefore, the account does not come within the protection of the applicable Florida exemption statute. The trustee’s objection will be sustained and the debtor must turn over the inherited IRA…