[CLBS] Annuity

[D. Blair Clark]

If it's an IRA annuity, then I believe it's exempted as an IRA.  The
difference to the debtor when he sets up one is the taxation and deduction
of contributions, but that makes it an IRA under ERISA.

D. Blair Clark
LAW OFFICES OF D. BLAIR CLARK PLLC
1513 Tyrell Lane, Suite 130
Boise, ID 83706
Telephone:    (208) 475-2050
Fax:               (208) 475-2055



-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of Robin Long
Sent: Wednesday, September 25, 2013 12:13 PM
To: 'clbs at admws.idaho.gov'
Subject: [CLBS] Annuity

I have a client that has an annuity within an IRA. Does the fact that it is
within an IRA change the way it is exempted? Other than the fact that the
"plan type" states it is an IRA ,it appears to be an annuity in terms of how
it will be paid out, cash value, etc....

Thank you,

Robin Long
Foley Freeman PLLC
208-466-6782

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