[WSBAPT] protected account for adult beneficiary

[Brent Williams-Ruth]

I will expand that even further and recommend connecting with any trusted
financial advisers. Different companies have different accounts that may be
beneficial. I will second the Annuity conversation. Just did that last week
to help a client solve a similar issue.  As always, the details will matter
- do they want to fund this now? After death through their Will? etc.

*Brent Williams-Ruth* (pronouns: he/him)
*Attorney-At-Law*

*Law Offices of Brent Williams-Ruth, **a division of BWR Consulting, PLLC*

*Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003*

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e-mail <Brent at Williams-RuthLaw.com> / website
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On Wed, Feb 9, 2022 at 9:16 AM Philip N. Jones <pjones at duffykekel.com>
wrote:

> Check with someone who sells annuities to see if your client can buy an
> annuity that the beneficiary cannot cash in.  I have seen such annuities on
> occasion.
>
> Phil Jones
>
>
>
> Philip N. Jones
>
> Duffy Kekel LLP
>
> 900 S.W. Fifth Ave. Suite 2500
>
> Portland, OR 97204
>
> pjones at duffykekel.com
>
> (503) 226-1371 – office
>
> (503) 853-1482 – cell
>
> (503) 226-3574 - fax
>
>
>
> *From:* wsbapt-bounces at lists.wsbarppt.com <
> wsbapt-bounces at lists.wsbarppt.com> *On Behalf Of *Sharon Rutberg
> *Sent:* Wednesday, February 9, 2022 7:16 AM
> *To:* wsbapt at lists.wsbarppt.com
> *Subject:* [WSBAPT] protected account for adult beneficiary
>
>
>
> Good morning, friends  -
>
>
>
> I have had a couple of older clients ask about a way to leave a modest
> amount for benefit of an adult child or grandchild in a protected form that
> will generate some income for the child/grandchild. The amounts are not
> large enough that it seems to make sense to leave in trust, and the
> child/gc is too old for a custodial account. These are not disabled
> beneficiaries, just folks not too good with money. Has anyone else had this
> issue? Is there some type of annuity, Roth IRA, or other arrangement that
> would work for this purpose?
>
>
>
> Many thanks –
>
> Sharon
>
>
>
> Sharon C. Rutberg, Attorney at Law
>
> Salmon Bay Law Group, PLLC
>
> 1734 NW Market St.
>
> Seattle, WA 98107
>
> 206-735-3177, ext. 2
>
> sharon at salmonbaylaw.com
>
> Website: www.salmonbaylaw.com
>
> Washington State Bar #47055
>
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