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Old 09-26-2012, 05:38 PM
  # 26 (permalink)  
NoGround
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Join Date: Jun 2011
Posts: 77
Got new info today. My only choice may be to delay distribution til AS is 55.

If I want to put addiction-related restrictions on distributions, I will have to designate a real human being as trustee, not the trust department of the financial services company as I had planned. I talked to their trust department today and they said they wouldn't do it.

AndreaB, about the annuity idea--when the annuitant dies, that's it, right? Whether or not all the money has been distributed? My AS is in his late 20s. If I die in the next few years (hoping not!), 20 years of the magic of compound interest means there would be a LOT of money in that trust by the time he's 55. Almost certainly he would live to get only a fraction.

And a lump sum distribution even at 55 does not seem to me to be a good idea.

Still thinking through the possibilities . . . .
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