No. of Recommendations: 0
When you give someone a gift, they can do with it what they want. I'm surprised MIL knows what they did with it.

They sold it right away, and it turned out it was a few bucks short, so we had the info.

Thanks for your heads-up on the prrating of the rest. I need to look more closely at the detail. All I saw was the 33% deductible first year. If you can deduct the rest over time, and still get the annuity, then the gift annuity should work out better than the insurance once, and is also a pretty good scam on the IRS.
Print the post  


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.