Lately we’re being asked about taxes and life insurance, and whether or not beneficiaries of a life insurance policy have to pay income taxes on that money, or whether the estate has to pay taxes on it. The simple answer is, usually, no. But because there can be nuances involved depending on how the life policy is owned, or how the beneficiary is identified we thought to share with you this week’s article. Take a look, and then call us if you have any questions. We’re always here to help.
