Are Nonqualified Annuities Trust-worthy? Avoiding the Tax Traps When a Trust Owns or Is the Beneficiary of a Nonqualified Annuity
Bruce A. Tannahill
22 PROBATE& PROPERTY � JULY/AUGUST 2006 PROBATE& PROPERTY � JULY/AUGUST 2006 22 AreNonqualifiedAnnuitiesTrust-worthy?Avoiding the Tax Traps When a Trust Owns orIs the Beneficiary of a Nonqualified AnnuityBy Bruce A. Tannahill “should transfer all of your assets, other than your IRAs and interests in employer-sponsored retirement plans, into your revocabbl trust.” The attorney’s standard instruction letter on funding a revocable living trust is clear and unambiguous. If the client owns a...