Is Life Insurance Included In An Estate?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    When life insurance is left to a beneficiary who is a person or a life insurance trust, the life insurance does not normally go through probate, and no income taxes are paid. However, the policy proceeds will be included in the value of the estate when the deceased owned the policy (or if the deceased transferred ownership to someone else within three years before death) or when proceeds were paid to the executor of the deceased's estate.
    Answered on July 12, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>