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If my net worth is approx $1mm, if my life insurance
if my net worth is approx $1mm, if my life insurance benefits are paid to my revocable living trust, will they be taxable if they equal $1.5mm. Essentially, the payment of life insurance and existing … read more
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IN 1/28/2015 WE SURRENDERED A $1000 EQUITABLE LIFE INSURANCE
IN 1/28/2015 WE SURRENDERED A $1000 EQUITABLE LIFE INSURANCE POLICY TAKEN OUT ON 8/28/1948 THAT WAS THE SOLE ASSET OF AN IRREVOCABLE TRUST. IT HAD A $890.12 LOAN TAKEN OUT ON 7/28/1998 THAT WAS NEVER … read more
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We are thinking about setting up a an irrevocable trust for
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hello, my mother passed away in Dec. 2013. I am the Successor
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I have two questions. This first is about life insurance,
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My mother died in August 2008, and her will is being contested
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My brother, who died in 2009, willed his employer-based 401K
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I recently inherited several annuities from my mother, each
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My husband lives in Texas and his mother passed away on September
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My sister died in December 2008. I found two $1550 social
My sister died in December 2008. I found two $1550 social security checks for Nov. and Dec. 2008 that she hadn't cashed, and I returned them to the IRS. As the successor of the decedent, I submitted a… read more
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Question regarding 75 year old mothers estate, Thank you. MY
Question regarding 75 year old mothers estate, Thank you. MY Mom is of sound mind. I , as well as my sister are co trustees of her estate,which is approx worth 2m, that our Dad left in her name...whic… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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