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Thumb of Michigan | Work with local bank, CPA firm, a brokerage house (any major firm has a trust division) or just set a trust up and name a trustee to follow your instructions. You can even put in a cause about if income steam is sold, it stops. Perhaps you've seen the commercial "I want my money now" that buys income streams for discounted cash.
You will have to pay for the bank trust department work. Just as you 'pay' for an annuity (just it's pay is hidden inside). Annuities have some of the highest commissions, you just don't know how much you are paying.
I wouldn't do an annuity because of the ability to sell, if you're trying to stop a spent thrift type person. The brokerage house would allow you to possibly keep the same investment(s) IF that is important. | |
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need advice for inheritance distributions
