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	<title>New answer on: When Is Life Insurance Included In The Gross Estate?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/when-is-life-insurance-included-in-the-gross-estate</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Thu, 18 Jul 2013 19:55:27 +0000</pubDate>

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		<description><![CDATA[In general terms, life insurance proceeds are included in the estate when owned personally. This may or may not present a problem depending upon the exemption in the state of residency. The federal unified credit is over 5 million for an individual. But if federal or state transfer taxes are a concern, you may consider an irrevocable life insurance trust as your policy owner. Consult an attorney before assigning or changing ownership of personal property.  
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