FL S0978

Amends s. 222.21, F.S. to clarify that inherited individual retirement accounts are exempt from creditors' claims for the owner, beneficiary, or participant.

Specifies that exemptions do not cease after the owner's death and explicitly includes direct transfers or eligible rollovers to inherited individual retirement accounts as defined in s. 408(d)(3) of the Internal Revenue Code of 1986.

Declares the amendment is remedial in nature and clarifies existing legislative intent, contrary to the Robertson v. Deeb (2009) court decision that held inherited IRAs were not exempt.

Provides retroactive application to all inherited individual retirement accounts regardless of when the account was created.

Effective upon becoming law.