Annuity Question...please help!
What is the name of your state? TEXAS
I am in the midst of medicaid planning for my Mom who recently entered assisted living. She has an annuity which lists me as the beneficiary. (I have Power of Attorney as well). My question.....should I surrender the annuity or should I transfer ownership to try to protect some of her assets? What are the tax implications of transferring ownership?
What is the name of your state? TEXAS
I am in the midst of medicaid planning for my Mom who recently entered assisted living. She has an annuity which lists me as the beneficiary. (I have Power of Attorney as well). My question.....should I surrender the annuity or should I transfer ownership to try to protect some of her assets? What are the tax implications of transferring ownership?
Last edited: