I met with a prospect recently whose dad passed away in 2018. My prospect inherited 3 annuities, one being NQ and 2 being TSAs. The NQ annuity is titled “John Doe Bene of Howard Doe.” I thought this type of account had to be depleted in 5 years?

Also, he is listed as the Owner/Annuitant of the 2 TSAs and there is no mention of beneficiary in the title. He is a non-spouse and not eligible to be named owner on the accounts. He apparently is taking RMDs, as the TSA statements say he is set up for auto RMDs. I see a big red flag here. Am I missing something? Is there some weird rule for TSAs that would allow for this?