Tax Traps for the Unwary in Annuity Planning

Level: Advanced
Runtime: 90 minutes
Recorded Date: August 22, 2017
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  • Different types of annuity products
  • How annuity withdrawals and distributions are taxed
  • Transfers of annuities
  • Trust ownership of annuities
  • The importance of designating the correct beneficiary
  • Best practices when there is a problem
Runtime: 1 hour and 30 minutes
Recorded: August 22, 2017


Annuities are often part of clients’ portfolios. They can be very complex products or very simple. The tax treatment of annuities can vary depending on the type of annuity and whether it is owned in an IRA or qualified plan. Not understanding annuities or how an annuity will be taxed can lead to disastrous consequences for clients and their advisers. Our panelist will discuss the different types of annuity products, how withdrawals and distributions are taxed and how to solve problems.

This program was recorded on August 22nd, 2017

Provided By

American Bar Association


Kristen M. Lynch

Lubell & Rosen, LLC

Kristen M. Lynch, Esq. is a Partner at the law firm of Lubell Rosen, where she works with clients regarding probate matters, guardianship, and estate and retirement planning. Ms. Lynch is an Accredited Estate Planner? as designated by the National Association of Estate Planners & Councils, and has been named among “Women Leaders in the Law” and “Top Rated Lawyers” by Martindale-Hubbell?. Since 2008, she has been AV? Preeminent™ Peer Review Rated by Martindale-Hubbell.

Ms. Lynch began her career in the trust banking industry, where she served more than 15 years as a vice president and trust officer with SunTrust Bank. During that time, she was the divisional manager of IRA Services within the Trust Department for the South Florida region. Ms. Lynch previously worked at several South Florida law firms in the capacity of partner, shareholder and attorney. She has represented clients in regard to probates, guardianships, estate planning, asset protection, philanthropic planning and charitable giving, and retirement planning.

She sits on several planned giving committees and boards within the University of Miami and Nova Southeastern University communities. She is also actively involved in the local chapter for the American Lung Association and has been a faculty member at Florida Trust School since 2007. Ms. Lynch is a frequent lecturer for professional organizations and Continuing Legal Education events, and has been published multiple times in The Florida Bar Journal, Journal of Retirement Planning, Leimberg Financial Services and Trusts & Estates magazine.

John Olsen, CLU, ChFC, AEP

Olsen Annuity Education

John Olsen is the President of Olsen Annuity Education, an educational firm (NO annuity sales), offering live classes, webinars, expert witness services in litigation involving annuities, life insurance, and investments and individual consulting services to agents, attorneys, accountants, trust officers, and financial advisors.

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