Trust beneficiary
Individuals father died in 2020. The father had non qualified annuity that he had made trust beneficiary (also trust may have been owner). does the daughter who is benefactor of trust have the ability to distribute over 10 yrs or any other distribution options?
Permalink Submitted by Alan - IRA critic on Tue, 2021-11-09 22:56
The 10 year rule does not apply to non qualified annuities. The trustee of the trust should check with the insurance company issuer of the annuity to see what distribution options are available.