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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.
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