Pacific Life Variable Annuity
I have two Variable Annuity in my name and the other was my husband but now it’s in my name because of his passing, I was going to put into a my trust and was told not to because of the taxes my two children would have to pay would be more. So at my passing, my two children are the beneficiary at the time of my passing how will that work as to taking the money out it would be
50/50 and two different account, and what if one wants to keep it in and the other not.
Terry Says
That depends on the terms of the annuity and the death benefit. Have you started taking any withdrawals from the annuity? Do you need the money? If you would send me more details, including your contact info, I will pass it on to my annuity expert and get you some individualized help. Send the info to me by email Terry@TerrySavage.com.
