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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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