Legal Question in Insurance Law in Missouri
If a life insurance policy is left to one person and that peron is asked to divide it four ways equally by the person who's life insurance it is. Would the other peoplehave to pay a gift tax on there share
Asked on 1/16/16, 5:24 am
1 Answer from Attorneys
Mel Franke
Mel G. Franke, Attorney at Law
Is the beneficiary giving money to the other? If so, he might have to pay a gift tax.
Answered on 1/19/16, 10:39 am
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