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	Did You Know?
	Annuity tax-free exchanges, known as 1035 exchanges Section 1035 of the U.S. tax code allows you to exchange an existing variable annuity contract for a new annuity contract without paying any tax on the income and investment gains in your current variable annuity account. These tax-free exchanges, known as 1035 exchanges, can be useful if another annuity has features that you prefer, such as a larger death benefit, different annuity payout options, or a wider selection of investment choices.

Our Washington Annuity Lawyers are lawyers who specialize in the field of Annuity Law and other White-Collar crimes.

An annuity is an annual sum paid from a policy or gift. Annuity is short for a purchased annuity policy, which will pay dividends to its owner over a fixed period of time, or for life. Annuities are detailed contracts between you and an insurance company.

There are two kinds of annuities: Immediate Annuities and Deferred Annuities. Immediate Annuities are transacted by giving the insurance company money and the company promises to make immediate regular payments to you over your lifetime. Deferred Annuities allow your money to grow or accumulate through tax-deferred interest accumulation over a period of time before the insurance company begins paying you.

Sadly, annuities fraud is one of the most common white-collar crimes committed by criminals.

There are many different ways a criminal can commit annuities fraud, including:

• Client Manipulation
• Providing False Information
• Lying to Auditors
• Unauthorized Transactions
• Breach of Fiduciary Duty
• Broker Embezzlement

If you or anyone you know needs an attorney specializing in Washington Annuities Law, or any related topic, contact us now and receive a free case review.

Contact our Washington Annuity lawyer today and get a free consultation!

Washington Audio & Video

Washington External Sites         NASAA-Washington State Law Defines Variable Annuities a Washington State Department of Financial Institutions. ... recent roundtable sponsored by the NASAA committee working on variable annuity issues, the James Goodrow-Statement of Charges a Washington resident, had been a client of Goodrow’s for approximately twenty- ... form entitled Change of Ownership for each annuity to effectuate