Experience with annuity for rentista?

doodleday

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Has anyone created an annuity for the purpose or showing passive income for rentista residency? Would this be a better option than an irrevocable trust? Please share any info you can, thanks!
 
I think it is better but have no proof. It creates a contractual, recurring payment from an identifiable financial institution from a single standard application. Simple for Migraciones to understand. If the funds would be sitting in a savings account or CD otherwise it seems like a no brainer.

Irrevevocable trust can do the same thing but with a higher document burden. Need a trustee and then potential services of a accountant and/or attorney if you aren't a DIYer.
 
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