The Best of Both Worlds
A Self-Canceling Installment Note has the advantages of both private annity and installment sales. They are used to transfer ownership stake to your heirs at no gift, estate, or inheritance tax cost while retaining a stream of income for yourself over a set period of time.
This estate planning technique allows for the transfer of property to heirs at no gift, estate, or inheritance tax cost, while the owner reteins a stream of income for a set period of time, or until his or her death.
This short resource covers the advantages of a SCIN in certain situations and how it works once in place.