Who Pays Taxes On Life Insurance Proceeds?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Most life insurance proceeds pass directly to the beneficiaries of the policy. If the ownership arrangements are done correctly via third party or entity, you should be able to pass the death benefits proceeds to the targeted beneficiaries tax free. Consult an estate attorney for ownership arrangements to avoid taxation on life insurance proceeds.

   Answered on August 13, 2013

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