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Know living annuity rules

Personal Finance 2 months ago

No claim can be brought against the capital value of a living annuity in the event of divorce or death.


03 Aug 2020
PREMIUM!
Know living annuity rules

Image: iStock

A Moneyweb reader asked: Would the value of a living annuity be included in the calculation of executors’ fees in winding up an estate? If so, how would this be calculated? (Not a guaranteed annuity). Gareth Collier, a certified financial planner at Crue Invest, answered: A feature of a living annuity is the ability to nominate beneficiaries, Adding safeguarding the remaining capital for your heirs. The nominated beneficiary or beneficiaries need not be financially dependent on yourself in order to qualify. For the purposes of answering this question, we have assumed that the nominated beneficiary is a natural person. In...

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