AQuest's – LPL Advisor Bob Stockoski discusses your options when you inherit an annuity. There are a lot of things to consider especially from a tax-free point of view. To learn more about Bob Stockoski and AQuest Wealth Strategies visit our website ... ( read more )
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Inheriting an annuity from a loved one can be a great way to secure your financial future, but it can also come with significant tax implications. Fortunately, there are some strategies you can take advantage of to minimize the amount of taxes you have to pay when you inherit an annuity. In this article, we will go over some of the best ways to inherit annuities tax-free. 1. Spousal Transfer If you are the surviving spouse of the annuity owner, you may be able to transfer the annuity into your name tax-free. This is known as a spousal transf
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