Uncategorized Archives - Phillip Roy Financial Services

Income From Trusts

How much income can you receive from a CRT or PAT? That depends. With a CRT, for example, your income will be based on the amount of income your assets generate while inside the CRT, as well as the “payout percentage,” or the size of the payments you choose to receive. The IRS requires CRTs […]

Don’t Die With an Annuity! – Phil W.

Subject: Don’t die with an Annuity Case Study # 1 Recently John S. died with an annuity worth $417,000. His initial investment was $305,000. The money went to his trust. The ordinary income taxes were over $64,000! 40% OF THE PROFIT! Yet it’s so easy to fix this tax monster. If you have an annuity […]