LIfe Insurance Tranfer of Value Question:
Husband owned life insurance on wife. (Wife is insured) Husband dies, wife can own her own life policy. But is there a transfer of value? So the cash value has to run through “His Estate” and be probated?
Husband owned life insurance on wife. (Wife is insured) Husband dies, wife can own her own life policy. But is there a transfer of value? So the cash value has to run through “His Estate” and be probated?
Permalink Submitted by Bruce Steiner on Wed, 2018-11-21 04:09