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By selling an asset in exchange for a private annuity, the annuitant defers the recognition of any capital gain over his remaining life expectancy as
By selling an asset in exchange for a private annuity, the annuitant defers the recognition of any capital gain over his remaining life expectancy as determined by the IRC table factor, receives a constant stream of income for the remainder of his life, and removes the asset transferred and any of its subsequent appreciation from his gross estate.
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