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Richard
Richard, Tax Attorney
Category: Tax
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Experience:  29 years of experience as a tax, real estate, and business attorney.
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The annuity account has $60,000, the brokerage account about

Resolved Question:

The annuity account has $60,000, the brokerage account about $20,000 and the stocks are worth about $44,000. Is it fair to say that when the beneficiary receives these assets they are generally not taxable to him?
Submitted: 5 years ago.
Category: Tax
Expert:  Richard replied 5 years ago.

At level, there will be no estate or inheritance tax. The annuity could be subject to tax income tax as distributed if funded with pre-tax dollars.

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