annuity non-ira
if a client changes the name on the annuity from his name to a trust. does that make the gain in the annuity or on a mutual fund taxable since the name changed?
Thank you,
Douglas
we are looking at the name change from his annuity to:A chartibable lead trust…His or he and his wife will be the grantorwould the transfer trigger tax on the gains with this type of trust?thank you,Douglas
Permalink Submitted by Alan - IRA critic on Fri, 2018-01-19 03:30
The transfer triggers tax on the gains unless the trust is a grantor trust such as a Revocable LIving Trust.