My Mother inherited a small annuity from my Dad 20 years ago. I have very little information on it other than it's an IRA annuity through Jackson. The benefit is very small but there is a cash surrender value.
I am still learning about annuities but from my understanding this cannot be placed her trust. In order to get the cash value we would need to surrender the annuity.
I have been my Mom's POA for 2 years as she is in poor health (nearly 91) and on hospice on and off. I am trying to decide if it is in her best interest to surrender and put this in her Money Market account.
Appreciate any thoughts
I am still learning about annuities but from my understanding this cannot be placed her trust. In order to get the cash value we would need to surrender the annuity.
I have been my Mom's POA for 2 years as she is in poor health (nearly 91) and on hospice on and off. I am trying to decide if it is in her best interest to surrender and put this in her Money Market account.
Appreciate any thoughts
Statistics: Posted by nanciT — Mon Jun 17, 2024 9:18 pm — Replies 2 — Views 113
