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  ...