Non-qualified Annuity Beneficiary Designation

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Non-qualified Annuity Beneficiary Designation Mark Freeland 10-02-2007
Posted by Mark Freeland on October 2, 2007, 5:05 pm Assuming there is no spouse, what are some pros/cons for designating the owner/annuitant as the beneficiary? For simplicity, assume there is no intent to annuitize, and the will is well constructed and will be uncontested (so getting assets to intended recipient is not a concern). Some quick thoughts: Con - goes through probate Neutral - could be taxed at higher/lower rate (depending on whether the owner's bracket is higher or lower than the intended beneficiary's) Neutral - included in estate either way (for estate tax purposes) Thanks, Mark Freeland BnetOnewsX@sbcglobal.net Similar Threads Posted IRA Beneficiary November 30, 2007, 5:26 am Non-spouse 401(k) beneficiary May 16, 2007, 9:24 pm tax consequences for changing 529 beneficiary October 29, 2006, 10:00 am Minor child as beneficiary November 6, 2006, 5:14 pm Pension: Spouse/beneficiary February 13, 2007, 4:56 am Life Insurance Beneficiary November 3, 2007, 6:55 am Beneficiary IRA rolled over to 401(k) rollover July 26, 2008, 10:14 am Savings Bonds Beneficiary Question October 6, 2006, 5:03 am Annuity Help January 6, 2008, 8:13 am Put 401K into an Annuity? November 21, 2006, 9:53 am