No. of Recommendations: 0
I have a will. It lists those who are designated to receive my assets. I am alive. Are they my heirs now or do they not become so until I die? If they are indeed my heirs now (before I die), it is possible that one of them will die before I do. Therefore it would seem I need not predecease my heirs. But I ain't no lawyer, so maybe my terminology is imprecise. The point, however, of my comment was to call attention to the fact that the proceeds of an annuity are not passed on to heirs on a stepped-up basis as with a non-annuity IRA.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.