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I am beneficiary to my daughter life insurance policy. After
I am beneficiary to my daughter life insurance policy. After I receive the benefits i would like to give some of it to her husband. What is the maximum dollar amount I can give him in a year as a gift… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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G" Life insurance without a beneficiary (well there was but
Steve G" Life insurance without a beneficiary (well there was but both beneficiary died together) and there is a trust....when there is a claim placed on the policy and they policy pays out, does the … read more
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Stephen G.
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If a husband and wife want to give their daughter 40,000 in
If a husband and wife want to give their daughter 40,000 in her name From a shared banked account (wth all three of them) can they avoid paying a gift tax if the money is transfered into a life insura… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I am currently the executor of my mother's estate. My mother
I am currently the executor of my mother's estate. My mother and I both were, and are long time residents of Colorado. I found out that I am the sole payable on death beneficiary to one of her bank ac… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I am beneficiary on my late husband. Our daughters are contingent.
I am beneficiary on my late husband. Our daughters are contingent. Would they have to pay taxes if the insurance company writes them a check for $50,000… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I have two questions. A 401-K plan employee who died.
I have two questions. A 401-K plan for an employee who died. Does the remaining party need to request a transfer to a IRA to keep from paying taxes up front, or can they take the money and use where n… read more
ShawnA
ShawnA
CEO
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My husband died this year on August 2. I have an insurance
My husband died this year on August 2. I have an insurance policy payment and want to give our married daughter $30,000 of this for a down payment on a new home. My husband and I gave her $9,000 in Ju… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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My father recently passed away. He left my family an inheritance
My father recently passed away. He left my family an inheritance from his life insurance policy, however I am the only one named as a beneficiary. This was a decision we all made together as a family … read more
Stephen G.
Stephen G.
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Bachelor's Degree
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My sister owned a $60,000.00 life insurance policy. In May
My sister owned a $60,000.00 life insurance policy. In May 2009 she changed the beneficiary (with her husband's approval) to me and then on August 25, she changed the owner of the policy from herself … read more
Merlo
Merlo
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MY twin borther died 12-18-07. He named my younger brother ...
MY twin borther died 12-18-07. He named my younger brother as beneficiary of his $50,000 life insurance policy. My younger brother says he will give me half of the insurance because it is the right th… read more
RD
RD
Self Employed
Master's Degree
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Can I gift 1 million dollars to my daughter right now, ...
Can I gift 1 million dollars to my daughter right now, utilizing my lifetime gift exclusion. This would reduce my estate to $3,500,000. If I happen to die in 2010, would there be any estate taxes paya… read more
Bill
Bill
Master's Degree
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I am single and want to give a gift of 2mm to an ILIT to ...
I am single and want to give a gift of 2mm to an ILIT to buy a life insurance policy - I want to know what the NC and Federal gift tax would amount to.… read more
Ed Johnson
Ed Johnson
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Will I pay tax if my mother gives me $100,000 from life ...
Will I pay tax if my mother gives me $100,000 from life insurance proceeds? My father passed away and my mom will get the life insurance proceeds. They want to give me $100,000. Is that taxable? Is th… read more
Christopher Phelps
Christopher Phelps
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Master Degree
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my father passed away , he had planned to put all his ...
my father passed away , he had planned to put all his insurane policy's to go to the estate to split 50k between the 5 of us kids. He ended up leaving one insurance policy to me at 80k and the other 2… read more
Wendy Reed
Wendy Reed
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Will transfer life insurance policy with cash value trigger
Will transfer the ownership of a life insurance policy with significant amount of cash value trigger the gift tax?… read more
RD
RD
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Master's Degree
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I recieved life insurance money from my recently ...
I recieved life insurance money from my recently deceased brother, I gave my mother a large sum of that money. Is she responsible for paying the taxes on that monetary gift, or am I?… read more
RD
RD
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if my husband and I each give my daughter a gift of 11,000 ...
if my husband and I each give my daughter a gift of 11,000 dollars does either my husband and I or my daughter have to pay taxes on that. we each gave her a gift of that amount from profit of house we… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
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How much can I gift tax free to my children per year
I have never given any gifts to my children. I understand I can give $20,000 per year per child. But someone told me I can do more than $20,000 per year and that I don't have to set up a separate bank… read more
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Jon Andrews
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