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Monthly Archives: December 1, 2014

Annuities Can Be Complicated…

First, for income tax purposes, if the beneficiary is an irrevocable trust, the annuity must be paid within 5 years of H's death, unless the annuity has been annuitized.  However, if the RLT is the owner, the incapacity of H will leave the successor trustee in control of the annuity.  That may be pr...

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