Legal Question in Wills and Trusts in California
llife insurance bequest
rec'd 25 grand from mom's life ins. small estate do i have taaxes to pay
Asked on 9/27/06, 3:36 pm
1 Answer from Attorneys
Donald Field
Donald L. Field, Jr., Attorney at Law
Re: llife insurance bequest
taxes are normally paid by the estate. at the present time, unless the estate exceeds $2 million, no estate tax is normally due.
Answered on 10/04/06, 4:17 pm
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