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After death can beneficiaries liquidate annuities?

In: Life Insurance, Annuities [Edit categories]

Answer:

The only person who can deal with the estate is the deceased's executor.

However, if the decedent arranged for an annuity to pass to a named beneficiary on death the proceeds pass directly to the beneficiary upon the death of the decedent. Those proceeds are not a probate asset and this are not part of the probate estate.

First answer by Fwmh. Last edit by Fwmh. Contributor trust: 977 [recommend contributor ]. Question popularity: 1 [recommend question].

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