Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Annuities
Annuities
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Barby
Level 2
09-14-2020
04:56 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client has an adult disabled daughter. He owns an annuity of which he is the beneficiary. Tax wise is it better for him to change the beneficiary to her or transfer it to his trust which will care for her?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
BobKamman
Level 15
09-14-2020
05:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
We don't know what tax bracket either one of them is in, so this doesn't sound much like a tax question. For estate planning, income from the annuity or the trust might disqualify her for government benefits she might need once he's gone. The trust may be a typical "special needs" trust that prevents that from happening.
