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Are annuities creditor proof?

April 26, 2017annuities Creditor proof

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Are annuities creditor proof?

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No, they are an asset just like anything else and can be attached. How they are registered (joint tennants, tennants by entirety or teannants in common) can sometimes offer some creditor protection, but the investment itself is exposed. Sometimes, actually annuitizing the annuity (trading in all of the cash value in exchange for a set of payments, usually for life) can help protect the assets as the cash value has actually been spent to purchase a stream of payments at the point of annuitization.