When parents transfer assets to their children, the parents sometimes use "spendthrift protection" strategies to protect the transferred assets from the children's possible spendthrift tendencies, bad investment judgment, divorce settlements, judgment creditors or other misfortune.
Nonqualified annuities are sometimes used to meet a parent's objective to provide spendthrift protection for assets transferred to children.
Pointers On Using Annuities For Spendthrift Protection
Source: Insurance News Net
Pointers On Using Annuities For Spendthrift Protection
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