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How To Transfer Ownership of an Annuity to a Trust. It is not difficult for an annuity to own a trust. Typically, when the annuity is first purchased, the trust can be named as the owner. This means that the trust will serve as the beneficiary and can receive the benefit from the annuity when the annuitant dies.

In general, there are many good reasons to put an asset into a trust: a trust protects it from creditors after you pass away, can reduce estate taxes, can assist in long-term care planning, and offers more control than a will in regard to managing the distribution of assets.

While the permissible distributions depend on what types of public benefits are being received, generally a supplemental needs trust may make distributions for the beneficiary's education, recreation, counseling, and supplemental medical services.

Retirement accounts like an IRA, Roth IRA, 401K, 403b, 457 and the like don't belong in your trust. Placing any of these assets in your trust would mean that you're taking them out of your name to retitle them in the name of your trust. The impact this will have on your taxes can be disastrous.

The AOC-E-506 Form is used to officially close an estate after someone has died. The Executor must file this Form by the court's deadline. This Form marks the end of the estate administration and the distribution of assets to those who will inherit them.

Filing the documents THERE IS A $30.00 FEE FOR SERVICE FROM THE SHERIFF'S DEPARTMENT. 1) After you have completed the forms, have them notarized (before coming to the courthouse) and make 2 copies. 2) Take these documents to the Clerk of Superior Court to be filed.