Legacy Tree Foundation

Several years ago an agent had a client who had a number of annuities that she had purchased many years ago called me.

His client had 3 with an account value around $290,000 and they were discussing what to do with them.

At this time she did not need the income as she had accumulated other assets since she purchased the annuities and in discussion with the agent learned that at some point she may face both capital gains tax and income tax unless she made a change.

The agent called me and I called upon some experts in this field Legacy Tree Foundation who as a 501 (c) (3) public non-profit organization for their ideas and guidance.

They designed what they call an Annuity Transfer which we presented to the agent’s client and she accepted.

What she got included:

*The client transferred her annuity to LTF

*LTF absorbs surrender penalties and issues a new Legacy Plan at the full accumulation value

*She received an immediate tax deduction to her tax return and based on her specifics was able to carry this forward for 3 years

*This minimized future income taxes to her heirs

*She took an immediate income payout that will end up becoming a structured inheritance for her heirs

*While this case involved an annuity, LTF works with real estate**, securities,

CD’s, cash, etc.

If you have clients who own rental or commercial property ask them if they are tired of the three T’s:

1. Taxes
2. Tenants
3. Toilets