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Yes, annuity payments can be garnished under certain circumstances. If a creditor obtains a court judgment against the annuity holder, they may be able to garnish payments to satisfy the debt. However, the specifics can vary based on state laws and the type of annuity. It’s advisable for individuals to consult a legal professional to understand their rights and protections regarding garnishment.
What else can I help you with?
Can US Civil Service Annuity-Pension be garnished?
no.
What is the difference between an annuity and a perpetuity?
The main difference between an annuity and a perpetuity is that an annuity has a set period of payments, while a perpetuity provides payments indefinitely.
What is a flexible variable annuity?
Annuity is the period of time allocating to make payments. The payments can be made at the begining or at the at of the period of time.
Can a military annuity be garnished to pay a credit card debt?
No. It is exempt from judgements.
What is the difference between a perpetuity and an annuity?
The main difference between a perpetuity and an annuity is that a perpetuity provides payments indefinitely, while an annuity provides payments for a specific period of time.
Can child support paid to the custodial parent be garnished if they owe other debts?
No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.No. Child support payments cannot be garnished.
Where can one find an annuity payments calculator online?
One can find an annuity payments calculator at a number of places online. For example, DGI Direct, RBC Insurance, Bankrate, and Legal and General all have annuity payments calculators online.
What happens to annunity payments after person dies?
After a person dies, the fate of annuity payments depends on the type of annuity and its terms. If the annuity has a death benefit provision, payments may continue to a designated beneficiary or be paid in a lump sum. In contrast, if it is a straight-life annuity, payments typically cease upon the annuitant's death. It's essential to review the specific terms of the annuity contract to understand the implications for beneficiaries.
What is an annuity with payments made at the end of each period?
An annuity with payments made at the end of each period is known as an ordinary annuity. In this type of financial arrangement, equal payments are made at the conclusion of each specified time interval, such as monthly or annually. This structure is commonly used in loans, mortgages, and retirement plans, where the timing of the payments affects the present value and future value calculations. The ordinary annuity contrasts with an annuity due, where payments are made at the beginning of each period.
How do a retired mailman get his annuity payments?
In the mail?
Periodic payments for an insurance policy?
annuity
What can and cannot be garnished from your retirement?
Monthly child support payments can be garnished from retirement.
