In this interesting and informative video, Fredrick P. Niemann, Esq., a New Jersey Estate Planning Attorney, discusses whether beneficiaries are required to pay taxes on receipt of Life Insurance proceeds following the death of the POLICY owner. Mr. Niemann explains when Life Insurance proceeds are subject to tax and those circumstances under which Life Insurance proceeds will be exempt from income and death taxes to the named beneficiaries.
A must watch video for Executors and Administrators of an Estate as well as individuals who are beneficiaries of Life Insurance proceeds.
Mr. Niemann invites his readers as well as viewers of this video to contact him at fniemann@hnlawfirm.com or call toll free at 855-376-5291.
By Fredrick P. Niemann, Esq., a NJ Estate Planning Attorney