Can Annuities Be Put In A Trust?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Definitely!  Depending on the situation a trust can be an excellent place to put an annuity.  A good financial planner can help you decide the type of trust, if any, you may need, if an annuity is appropriate for your situation and help you set it up.  There are a variety of planning strategies involving annuities and trusts.
    Answered on May 27, 2013
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    David RacichPRO
    Fountain Hills, Arizona
    Assuming you’re addressing non-qualified annuities, the short answer is yes. Most financial planners who use annuities and estate planning attorneys need a compelling reason to place an annuity in a trust. There are three items that could be a disadvantage of holding an annuity in a trust: trust expenses, at the death of the annuitant, a grantor trust might trigger a taxable distribution event and the  potential tax uncertainty of an entity holding ownership of an annuity.
    Answered on May 27, 2013
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