Legal Question in Insurance Law in Nevada
Life Insurance and the IRS
I owe a large back tax bill which I might not get paid by the time I die. Can the IRS then seize my L.I. proceeds to satisfy part of the bill? My policy is small: $10,000 (for burial), and my son is the beneficiary.
Asked on 8/06/08, 8:43 pm
1 Answer from Attorneys
James Smith
James E. Smith Ltd.
Re: Life Insurance and the IRS
No
Answered on 8/06/08, 9:13 pm
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