if a child loses one parent, the grandparents may be able to exercise some custody rights, such as legal visitation. Extended family members may also be eligible to adopt the children of parents who are deceased or otherwise unable to provide care...
According to its dictionary definition, immediate family is limited to a person’s parents, brothers and sisters, spouse, and children. If your employer offers bereavement leave for the loss of an immediate family member, these individuals are the only ones they need to include. Many organizations...
I have just been told that the problem with "Immediate" annuities is that they are only guaranteed for life expectancy, so that if one outlives the expectancy--which might very well happen in my case, as we tended to be long-lived in our now largely departed small family--the payments ...
It can be whoever you'd like and not limited to a family member. However, the owner of the policy will typically receive the Form-1099R at the end of the year and be required to pay income taxes on the taxable portion of the payments even though the owner was not the recipient of ...
Are we limited to only one QLAC per family, or could we each get one? Hersh Stern (ImmediateAnnuities.com) 2016-02-09 14:17:43 Hi Jim- You and your wife are each eligible to have your own QLACs. Each of your QLACs can be up to $125k, if that is no more than 25% of your...