Legal Question in Tax Law in Missouri

who pays estate tax

if I receive a large life insurance payout from a friends death, who has to pay the estate taxes if his estate has very little real tangible assests left and very little cash. Do they then make the recipient pay it?


Asked on 10/14/07, 6:49 pm

1 Answer from Attorneys

Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

Re: who pays estate tax

If the insurance is paid to you directly, it passes outside of the estate. Most states do not tax direct beneficiaries. You sould talk to your estate planning lawyer to analyze the specific details of your case.

Ron Cappuccio

http://www.saveyourestate.com

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Answered on 10/14/07, 7:35 pm


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