Tax consequences of liquidating an annuity

24-Aug-2017 08:27

Riders contain separate contractual provisions governing how they are treated in a divorce, and as insurers are always adding and removing riders, advisers need to be in the know.

This is crucial because living benefits in an existing annuity may no longer be available on a new annuity, should the owner decide to share the asset through a partial exchange.

tax consequences of liquidating an annuity-86

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To find out the coverage limits in your state, click the See Limits button below.This would also entail ensuring that if an annuity split involved a partial Section 1035 exchange, the division would be performed without the risk of taxes.

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