Insurance Annuity
father's last wife left out an insurance policy and annuity i are these persons?
Insurance paid because the person who died at general tax-free. If the annuity had been taxable to her father in law, it remains taxable to your wife. This is because the income tax is not paid the money. (The property tax is a different tax.) This is the case with any amount of deferred taxes, such as annuities, savings bonds, traditional IRA or HSA.
Insurance Annuity
Questions of insurance and annuities.?
I asked this question several times here on Yahoo, but never received a good response, so bare with me. I have life insurance policies for a considerable amount of money for my wife and I would like to begin an annuity, if we die, these benefits policies that roll in rent and a monthly stipend to edit my children and their guardians. Is it possible that I can do it myself without the assistance of a planner or lawyer Domain? I'm in the area of Los Angeles, CA.
Nope. Must establish a trust to be funded by life insurance, with the money being invested in an annuity. You need a real estate attorney to do so. Keep in mind, an annuity can not be the best way to go, but if your heart is set on it. . ..
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