Thursday, May 03, 2018

LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law for Thursday May 3, 2018.

Today we are talking about Wills and Estates.

Life insurance policies that designate a beneficiary become that beneficiary's property on the day the insured dies.

They don't become part of the insured's estate and they aren't subject to estate tax.

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