Can I name a trust as the beneficiary of my life insurance policies, annuities, and retirement accounts? | Gulf Beaches Law, P.A. | Estate Planning, Eviction, Tax and Business Law Firm | Karen S. Keaton, Esquire | [ Ссылка ] | 727-822-2200 | 2816 Beach Boulevard South, Gulfport, Florida 33707
There are many different types of trusts. Generally a trust can be the beneficiary of a life insurance policy, an individual retirement account, an annuity or any other assets of that nature as well as your other assets. However, if it's a revocable trust that has been established during your lifetime, it's very important to have specific language in the trust document that essentially segregates those types of assets that are otherwise free from the claims of creditors of the estate and have other tax advantages under the laws in the trust documents so that they maintain that character once they are given to the trust.
