Estate Taxation of Life Insurance

If, at the insured’s death, any incidents of ownership in a policy on his life were held by the insured, … Read more

Insurance Payable Directly to Estate Regardless of who purchased the policy, owned the incidents of ownership, or paid premiums, if … Read more

Code section 2035 is entitled “Adjustments for certain gifts made within three years of decedent’s death.” The statute states that … Read more

Life insurance is a very broadly defined term for estate tax purposes. In its simplest definition, it is a contract … Read more

Any one of seven reasons can cause life insurance to be includable in a decedent’s gross estate. (Note that in … Read more