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    is a inherited life insurance a tax liability

    0  Views: 328 Answers: 2 Posted: 15 years ago

    2 Answers

    Hope this helps:


    http://www.money-zine.com/Financial-Planning/Tax-Shelter/Federal-Inheritance-Tax/

    The laws vary from state to state.  You are usually allowed a "one time gift" where you won't have to pay taxes.  Check with a local tax attorney or H&R Block, something like that.



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