Charitable:A charitable trust fund can benefit a particular charity or the general public. This includes aCharitable Remainder Annuity Trust (CRAT)that pays a fixed amount each year. A Charitable Remainder Unitrust passes assets to a specified charity when the fund expires and gives the donor a c...
Testamentary trust: Created by the terms of your will; unlike other trusts, these trust accounts are only funded upon your death. Grantor retained annuity trust (GRAT): Allows the grantor to put certain assets into a temporary trust account and freeze its value, removing additional appreciation ...
I've been advised to execute a Grantor Retained Annuity Trust because it would minimize death taxes. What is a GRAT, and what is it used for?J. D. B. SchillerMedical economics
Charitable:A charitable trust fund benefits a particular charity or the general public. This includes aCharitable Remainder Annuity Trust(CRAT) that pays a fixed amount each year. A Charitable Remainder Unitrust passes assets to a specified charity once the fund expires, and gives the donor a char...
A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in may ways and can specify exactly how and when the assets pass to the beneficiaries. Learn more
What is usually shown on the internet for a deferred annuity quote is its current interest rate. Generally, the interest rate quoted is higher if you choose a longer growth period. If you should die during the growth period, your account values typically are payable to your beneficiaries....
An annuitant — often but not always the annuity owner — is who receives annuity payments and whose life expectancy is used to calculate those payments.
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
or her life. This is considered a sale and not a gift, and a portion of the payments will be taxable as interest earned. It typically is important for a person to remember that once a private annuity is created, it is irrevocable and the annuitant will lose control of the assets ...
An annuity is a contract between you and an insurance company designed to guarantee income for the rest of your life. Advertisement You make one lump-sum payment (or multiple payments). In return, you get a consistent income stream during retirement, possibly for the rest of your life. ...