private annuity
- A deal where a parent moves assets to a trust for their children or grandchildren and receives consistent lifetime payments, potentially avoiding estate tax after the parent's death
- Mom planned for her retirement and ensured our financial stability by setting up a private annuity.
- The estate planner suggested a private annuity to provide income for parents while preserving wealth for their children.
- With a private annuity, he found a way to enhance his retirement income while reducing the taxable estate for his heirs.
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