From: "cal-lester"
Newsgroups: misc.invest.financial-plan
Subject: Re: leaving money to a minor
Date: 28 Aug 2003 15:25:02 GMT
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Michael T Wing CPA wrote:
> TTRoberts wrote:
>
>> But, as you would tend to recommend some
>> flexibility for a trustee's investment directives, such an annuity
>> settlement wouldn't offer much flexibility. Some kind of annuity
>> arrangement could work nicely for the income part. But for capital
>> appreciation, other arrangements should be done. . . .huh?
>
> Actually, what I had in mind was that an annuitized distribution on
> the insurance policy could possibly be used INSTEAD OF a trust. That
> would eliminate the costs of drafting the trust in the first place,
> as well as the costs and hassles of administering trust, should that
> eventuality occur.
From an Insurance Agent :::::: One of the main features of a
TRUST, is the ability to provide for CHANGE. An Annuitized
distribution from the Insurance Company,applied for TODAY,
may or probably will NOT fit the needs of the child......
Cal Lester CLU
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