How are Death Proceeds Taxed?

How are Death Proceeds Taxed?

Estate tax is imposed on the transfer of the “taxable estate” of a deceased person, which can also include payment of life insurance benefits to beneficiaries.

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Benefits of hiring a financial planner

Benefits of hiring a financial planner

Often, young people are in the dark about their finances, and the realities of adult life. One gift that is practical and almost certainly guaranteed to be unique is a session with a financial planner, says a new article from CBS Moneywatch. Booking an appointment for a recent college graduate is not only doing them a huge favor, but also their parents some peace of mind.

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Is life insurance a good holiday gift?

Is life insurance a good holiday gift?

With the holidays right around the corner, the LIFE foundation, an organization that represents the life insurance industry, is offering a unique gift idea for those who want to impress their loved ones.

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