Q: In New Jersey if a minor is beneficiary of an annuity - how can it be paid upon the death of the policy?
A: it is possible that this annuity may be held in trust by the state of New Jersey until he comes of age. You may be able to create a minor trust for him so that the monies can be held by you, not the state. Good luck. 732-200-0779, www.elderlawbrothers.com
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