<div dir="ltr">Not to disparage the advantages of a trust, but the Annuity could have lower costs unless a family member is trustee, and finding a willing and able family member to serve as trustee can be difficult.<div><br></div><div>Marvin Benson</div></div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Mar 19, 2018 at 11:07 AM, Lisa E Schuchman <span dir="ltr"><<a href="mailto:lisa@lisaschuchman.com" target="_blank">lisa@lisaschuchman.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Thanks, Paul. That seems like a much better idea. Their financial advisor suggested the annuity, but it isn’t really practical and doesn’t accomplish their goals.
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif;color:black">Lisa E. Schuchman<br>
<a href="tel:(206)%20960-4212" value="+12069604212" target="_blank">206-960-4212</a><br>
<a href="http://www.lisaschuchman.com/" target="_blank">www.lisaschuchman.com</a><br>
<br>
I learn, I give. – Gloria Steinem<u></u><u></u></span></p>
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is not monitored at all times. If your matter is urgent, please phone my office during regular business hours.
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the Internal Revenue Code.</span><span style="font-size:12.0pt"><u></u><u></u></span></p>
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</span><b><span style="font-size:7.5pt;font-family:"Arial",sans-serif;color:#008100">Please consider the trees before printing this document</span></b><span style="font-size:12.0pt"><u></u><u></u></span></p>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.<wbr>com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.<wbr>wsbarppt.com</a>>
<b>On Behalf Of </b>Paul Grant<br>
<b>Sent:</b> Saturday, March 17, 2018 3:15 PM<span class=""><br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> Re: [WSBAPT] Annuity?<u></u><u></u></span></p>
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<p class="MsoNormal">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?<u></u><u></u></p>
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<p class="MsoNormal"><br>
Paul H. Grant - JD, LL.M<br>
<br>
Planning with Purpose, Inc<br>
Lynnwood, WA 98036<br>
<a href="tel:(425)%20939-9948" value="+14259399948" target="_blank">425-939-9948</a><br>
<a href="http://www.planningwithpurposeinc.com" target="_blank">www.planningwithpurposeinc.com</a><br>
<br>
Estate Planning. Business Planning. Wealth Succession.<u></u><u></u></p>
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<p class="MsoNormal">On Sat, Mar 17, 2018 at 2:23 PM, Lisa E Schuchman <<a href="mailto:lisa@lisaschuchman.com" target="_blank">lisa@lisaschuchman.com</a>> wrote:<u></u><u></u></p>
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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?
</span><u></u><u></u></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Thanks,</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Lisa E. Schuchman</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><a href="tel:(206)%20960-4212" target="_blank">206-960-4212</a></span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"><a href="http://www.lisaschuchman.com" target="_blank">www.lisaschuchman.com</a></span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">I learn, I give. – Gloria Steinem</span><u></u><u></u></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.
</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"> </span><u></u><u></u></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.</span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif"> </span><u></u><u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Garamond",serif">Please consider the trees before printing this document</span><u></u><u></u></p>
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