How to Set Up an Annuity for a Child

In this comprehensive video, Shawn from The Annuity Expert breaks down 13 distinct strategies for setting up an annuity for a child or grandchild. Because annuities are long-term financial contracts governed by strict IRS rules, choosing the wrong ownership structure can result in unexpected tax penalties, loss of control, or legal complications. Shawn covers the pros and cons of the most common approaches, including: Parent or Grandparent-Owned Annuities: Retaining full control of your principal while naming the child as a beneficiary or taking systematic withdrawals for college tuition. UTMA / UGMA Custodial Annuities: Making an irrevocable financial gift where an adult manages the assets until the child reaches legal age. Trust-Owned & Special Needs Annuities: Using an irrevocable trust or restricted death benefits to protect financially irresponsible heirs or preserve government benefit eligibility. Non-Spousal Immediate Annuities (Co-Annuitant Strategy): Creating an irrevocable income stream that pays you while you are alive and automatically continues paying your child or grandchild for the rest of their lifetime. Whether you are looking to set up a Roth IRA annuity for a working teenager, structure a lawsuit settlement, or build a multi-generational estate plan, Shawn explains how to coordinate your strategy with CPAs and estate planning attorneys to avoid costly mistakes. 📊 Want an objective, zero-pressure look at how to properly structure an annuity for a child? Read our full breakdown here: 👉 https://www.annuityexpertadvice.com/annuity-basics/inheritance/annuities-for-children/ 📞 Call our team for free, no-obligation advice to build your legacy plan at: 770-755-1565 ⏱️ Video Chapters: 0:00 - Intro: Ways to set up an annuity for a child 0:19 - Strategy 1: Parent-owned annuity with child as beneficiary 2:00 - Strategy 2: Parent-owned annuity with child as annuitant 4:59 - Strategy 3: UTMA / UGMA Custodial Annuities 7:32 - Strategy 4: Trust-Owned Annuity for a child 10:33 - Strategy 5: Grandparent-owned annuity with grandchild as beneficiary 11:42 - Strategy 6: Roth IRA Annuity for a working child 12:47 - Strategy 7: Irrevocable Trust created by a grandparent 13:08 - Strategy 8: Structured Settlement Annuity for a child 13:24 - Strategy 9: Special Needs Trust with an annuity 13:46 - Strategy 10: Scheduled withdrawals for a child 13:59 - Strategy 11: Transferring contract ownership later in life 14:27 - Strategy 12: Non-Spousal SPIA or DIA (Co-Annuitant strategy)