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
Related Questions & Answers
-
My house burned down in August of 2014. The loan on my house was through a local... Asked 10/22/15, 7:34 am in United States Missouri Insurance Law
-
I am looking at going to work for a company that transports vehicles (auto... Asked 6/07/15, 11:30 am in United States Missouri Insurance Law
-
We are next of kin to my brother, who died recently. He had one life insurance... Asked 8/29/14, 8:45 pm in United States Missouri Insurance Law
-
I have a burglary claim, which has been ongoing for 2.5 months and their... Asked 7/14/14, 6:32 pm in United States Missouri Insurance Law