Categories for General News and Information

Apr
13
2020

AZ Clients REMINDER

April 15, 2020 DUE DATE FOR AZ Tax Credits and 1st Quarter Estimates  

Apr
01
2020

2020 -03/17 – Why you should keep life insurance out of your estate

If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax rules, life insurance will be included in your taxable estate if either: 1) Your estate is the beneficiary of the insurance proceeds, or 2) You possessed certain economic ownership rights (called “incidents of ownership”) in the policy at your death (or within three years of your death).