FL H0469

Amends Florida Statutes section 222.21 to clarify that inherited individual retirement accounts remain exempt from creditors' claims after the owner's death.

Extends the existing creditor exemption for retirement accounts to include direct transfers or eligible rollovers to inherited individual retirement accounts under Internal Revenue Code section 408(d)(3).

Applies the exemption retroactively to all inherited individual retirement accounts regardless of when the account was created.

Declares the amendment clarifies existing law and is remedial in nature, overturning the Robertson v. Deeb (2009) court decision that had denied the exemption to inherited accounts.

Takes effect upon becoming law.