Are Annuities Taxable When Inherited?

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   David RacichPRO

   Fountain Hills, Arizona

   The answer in short is yes. There are strategies to stretch the taxable event over multiple generations before the death of the annuitant or owner of the annuity. (Remember annuitant owned and owner owed policies may have differing tax issues.) Ultimately, the size of the estate may dictate an additional estate tax beyond the ordinary income tax to inheritors. 
   
   
   

   Answered on May 24, 2013

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