Einhorn Harris Partner responds to NJ.Com query “Are Annuities Taxed as an Inheritance?”

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Q. How are annuities taxed as an inheritance? Is there a difference if I inherit it directly or if it goes to a trust for which I’m the beneficiary?

A. “What seems like such a straightforward question is anything but that,” says Einhorn Harris Partner, and Chair of the Taxation/Trusts and Estates Department, Gary R. Botwinick.

Read the NJ.Com ‘Biz Brain’ article here.