Can Annuities Be Put In Trust?

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    Dan Hopwood
    Sales, Retirement Planning Store, Inc., illinois
    Annuities can be put into a trust but why?  The purpose of a trust is to avoid probate.  Annuities already avoid probate.  There are only two reasons I would ever put an annuity into a trust is 1. if the trust is Irrevocable and the owner has an estate tax problem.   Secondly, if the owner is worried that their is going to be a dispute among the beneficiaries.
    Answered on March 6, 2014
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Can annuities be placed in a trust? Yes, they can. Annuities offer a stable safe growth product that could be placed in trust if desired. Does an annuity have to be put in a trust? No, not really. An annuity offers certain tax and death benefits on it's own that would work effectively without being in trust anyway. But yes, they can go into a trust.
    Answered on October 9, 2015
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