The estate of a man who died in a plane crash in South Carolina in 2008 recently settled its lawsuit against multiple companies involved in the crash. The man’s three-year old son will receive $4.375 million dollars, which will be used to purchase an annuity guaranteed to pay over $17 million. Illustrating that annuities can be very beneficial for heirs, the estate of the plane crash victim has insured that the young son will be taken care of for life.
See TMZ, New Settlements in Travis Barker Jet Crash, March 10, 2010.
Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this to my attention.
