[WSBAPT] Annuity?

[Paul Grant]

I would be very hesitant to make an investment demand of the remaining
funds - I would prefer to simply express what the goal of the funds are for
the final beneficiary:  ie: we desire for the successor Trustee to invest
all remaining assets into an investment vehicle that will protect the
principal, create a stable income source of not more than $1,500 per month
for the beneficiary, and not give control to the beneficiary.... something
that guides the trustee to know what the goal is versus making an
investment decision.  It really sounds like they want a trust set up for
the final beneficiary but are trying to use an annuity instead; why not
just make the final beneficiary the new beneficiary of the children's trust
under the same terms and conditions but not limited to an outright
distribution age?

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Paul H. Grant - JD, LL.M

Planning with Purpose, Inc
Lynnwood, WA 98036
425-939-9948
www.planningwithpurposeinc.com

Estate Planning. Business Planning. Wealth Succession.

On Sat, Mar 17, 2018 at 2:23 PM, Lisa E Schuchman <lisa at lisaschuchman.com>
wrote:

> I am working with clients on a will and testamentary trust. They are
> leaving their estates to their minor children in the trust (once they’re
> both dead).  If all of their children don’t survive till the trust fully
> pays out, they want the trustee to use trust assets to buy an annuity for
> the benefit of an adult relative who doesn’t manage money well, with the
> rest of the assets to go elsewhere.  I’m not an annuity expert, to put it
> mildly, and I don’t know if this is realistic or a good idea.  Does anyone
> have advice about this?
>
>
>
> Thanks,
>
>
>
> Lisa E. Schuchman
>
> 206-960-4212 <(206)%20960-4212>
>
> www.lisaschuchman.com
>
>
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