Article on Private Annuities

Alexander A. Bove Jr. (Bove & Langa, P.C., Boston, Massachusetts) recently published an article entitled, Is the Private Annuity Really Dead?, 29 Probate & Property No. 2, 46 (March/April 2015).  Provided below is an excerpt from the article:

Rumors of the death of the private annuity have been greatly exaggerated. While it is true that the private annuity, possibly one of the most effective estate planning tools in the right circumstances, was dealt a serious body blow by the IRS a few years ago, it is a big mistake to give it up for dead, as many estate planners have.