Who here does estates and trust law? Any recommendations?

[rockyfatcat]

My father passed away and I am needing financial advice and options?

Just the insurance claim form for the annuity is kinda scary. If I take the lump sum 100% payout, I pay income tax this year on that sum.

There has to be a way to stuff this into a trust.

 

[rockyfatcat]

still looking

 

[Markjenkins39]

770-889-3911
Michael R. Bascom P.C.
2450 Atlanta Hwy, Suite 1302
Cumming GA30040

Great guy to deal with!!

 

[notcreative]

Margaret L. Miller
Scroggin & Burns, LLC
647 Mimosa Boulevard
Roswell, GA 30075

All lawyers have advanced LLMs in Tax. But are reasonably priced.

770-884-7197

Atlanta Estate Planning Lawyer | Business Law Attorney

At Scroggin & Burns, LLC, in Roswell, we treat Georgia businesses and residents right. Get legal services at 770-884-7197 .

www.scrogginlaw.com

 

[Hayata]

OP - keep us posted on your progress.

 

[Eggmanmja01]

opps

 

[gh1950]

I would ask a lot more questions about why you would pay income tax on a life insurance policy.

Life insurance policies are a common device to pass money on without taxation.

Unless the annuity was part of some sort of retirement plan, where income tax was deferred until the money was taken out.

 

[NWSharpshooter]

Laxguy59 is my favorite lawyer (if there is such a thing) and is a long time ODT member as well. I know he does personal injury and some criminal defense. I am not sure he does estates and trust law, but I would be willing to bet he could point you in the right direction.

 

[Nonliberal]

I am needing financial advice and options?

Well, you've come to the right place.

 

[rockyfatcat]

I would ask a lot more questions about why you would pay income tax on a life insurance policy.

Life insurance policies are a common device to pass money on without taxation.

Unless the annuity was part of some sort of retirement plan, where income tax was deferred until the money was taken out.

I only found that out after I asked for help. My brother who is a lawyer finally got back to me. He told me that he completed the paperwork for a couple of his insurance policies, in addition, I received another insurance claim form.

This form said that the funds would be reported as taxable. Considering the amount of money involved in this policy alone ~2X the $ of my first house. I was looking to see if I could drop it into a trust, and pay the taxes when it was disbursed.