Specifically in the state of Kansas. Are funds in fixed or fixed indexed annuities protected from creditors?
As your give somebody the third degree imply, this is state specific. The best answer should include know-how of Kansas canon. I one-sidedly own no opinion going on for KS ruling – that’s why I didn’t attempt an answer. I will vote that adjectives contracts near the annuity wrapper will be treated like peas in a pod whether fixed, or unreliable. No, they are an asset only resembling anything else and can be attached. How they are registered (joint tennants, tennants by entirety or teannants in common) can sometimes contribute some creditor protection, but the investment itself is exposed. Sometimes, in truth annuitizing the annuity (trading in adjectives of the currency convenience surrounded by exchange for a set of payments, usually for life) can give a hand protect the assets as the bread merit have in truth be spent to purchase a stream of payments at the point of annuitization.
