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Loren
Loren, Attorney
Category: Estate Law
Satisfied Customers: 29767
Experience:  30 years experience in the practice of estate law.
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My brother recently passed away he had a 50000.00 life ins.

Customer Question

my brother recently passed away he had a 50000.00 life ins. policy i am the beneficiary i received the check a few days ago i want to know if i will have to pay any kind of tax on this money thanks mhj
Submitted: 1 year ago.
Category: Estate Law
Expert:  Loren replied 1 year ago.
Good morning. I am Loren, a licensed attorney, and I look forward to assisting you. My condolences for your loss
No, there is no income or other tax owing or paid by the named beneficiary of a life insurance policy when it pays out.
Best regards.
Loren
Expert:  Loren replied 1 year ago.
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