N Not my name Guest Mar 19, 2008 #1 Is a single premium annuity (principal and/or payouts) firewalled from creditors? If the answer is NO, then is there a way to arrange a single premium annuity so that it is safe from creditors?
Is a single premium annuity (principal and/or payouts) firewalled from creditors? If the answer is NO, then is there a way to arrange a single premium annuity so that it is safe from creditors?
P Peaches Guest Mar 19, 2008 #2 No. If you have money, pay your bills. If you move money in order to avoid paying creditors, it is called a fraudulent transfer, and it can be undone.
No. If you have money, pay your bills. If you move money in order to avoid paying creditors, it is called a fraudulent transfer, and it can be undone.
