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Without cautious preparation,your beneficiary will have to consume the policy’s profits on fundamental requirements,and will just be qualified for federal government benefits once all the money from your life insurance coverage has been spent The leading tax rate is 40 percent The Law Firm of Steven F.Bliss Esq.San Diego Probate Lawyer.
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Trust Lawyer Just bear in mind that if you die within 3 years of making the transfer,the IRS will consist of the policy in your estate for estate tax functions.

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