DISCLAIMER - This answer is not legal advice. No attorney-client relationship is formed. The information provided is for educational purposes only. For specific advice regarding your situation, please consult a qualified attorney in your area.
The IRS Form 712 is a statement that provides Life Insurance Policy values as of the date of an insured’s or policy owner's death, or at a time a Life Insurance Policy is transferred as a gift. The IRS requires that this statement be included when an estate (or gift) tax return is filed. This information is generally required in connection with the valuation of the estate and for tax returns required to be filed by the personal representative.
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Estate Planning (i.e. wills, trusts, power-of-attorney doc.s, living wills, etc.), Probate and mor