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<div>Every annuity needs to have an owner, who has the ability to change the beneficiary, cash in the annuity, etc. The adult relative sounds like a poor choice to be the owner. Who will the owner be? Do you have any good candidates?</div>
<div id="AppleMailSignature">Phil Jones</div>
<div id="AppleMailSignature">Portland OR<br>
<br>
Philip N. Jones
<div>Duffy Kekel LLP</div>
<div>Portland, OR</div>
<div><a href="mailto:pjones@duffykekel.com">pjones@duffykekel.com</a></div>
<div>(503) 226-1371</div>
</div>
<div><br>
On Mar 17, 2018, at 2:26 PM, Lisa E Schuchman <<a href="mailto:lisa@lisaschuchman.com">lisa@lisaschuchman.com</a>> wrote:<br>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">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?
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Thanks,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Lisa E. Schuchman<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">206-960-4212<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><a href="http://www.lisaschuchman.com">www.lisaschuchman.com</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">I learn, I give. – Gloria Steinem<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">NOTE: I do not use encrypted email. Messages sent to or from my office via email are not secure and may not be protected by attorney-client privilege. This email address is not
monitored at all times. If your matter is urgent, please phone my office during regular business hours.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Any tax advice included in this document and its attachments was not intended or written to be used, and it cannot be used, for the purpose of avoiding penalties under the Internal
Revenue Code.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Please consider the trees before printing this document</span><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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