Legal Question in Insurance Law in Illinois
Life Insurance
I was named a beneficiary on a life insurance policy, do I have to pay Federal and State Tax?
Asked on 11/20/07, 8:57 pm
1 Answer from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: Life Insurance
no, but the estate may have to.
email me if you have any questions.
Answered on 11/20/07, 9:58 pm
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