Annuities may be a good solution for individuals who are concerned that their heirs will not be able to responsibly manage a large amount of money received all at once. An annuity can be structured to pay out the funds over time, writes annuity expert Stan Haithcock. "Whether it's your grandchildren, children, or siblings, you can leave your legacy in a lifetime income stream," he writes. He adds that you are essentially "in control from the grave."

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