Passing On NQ Annuities To Heirs Tax Free 💸 Thursday, June 11

Passing on NQ Annuities to Heirs Tax-Free

Thursday, June 11th – 10.00 AM to 10.30 AM PST

Annuities are powerful tools for growth and, eventually, lifetime income. However, some clients end up passing annuities on to their heirs because they never end up needing the income. In cases where the annuity has experienced significant growth, they may also hesitate to access it because of the tax consequences. As a result, this can create a substantial tax burden for beneficiaries after the client’s death.

The non-qualified beneficiary stretch strategy is not new, and it can help reduce taxes while allowing the asset to continue growing as payments are distributed over time. But what if there were a way to pass on an annuity and keep it tax-deferred—with no immediate tax impact?

Join CPS and Scott White, RICP, VP of Annuity Sales and Marketing, for an in-depth look at the Pass in Kind Strategy. During this call, we’ll review the benefits of revocable living trusts and discuss how they can be used to transfer non-qualified annuities in a tax-efficient manner while preserving tax-deferred growth for clients’ loved ones.

Questions? Contact the CPS Annuities Team at (949) 863-0700 Option 2.

This material is for general informational purposes only and is not intended to provide, and should not be relied upon for, tax advice. Tax laws are subject to change and may affect each individual’s unique situation. You should verify all tax information with your qualified tax advisor and rely on their guidance regarding your specific circumstances.