Tuesday, November 18, 2008

How to disperse life insurance

My father recently passed away and he left a policy for me and my sister. My mom is still alive and he asked her to split it between us. It works out to 20000.00 for each of us. Is there any taxes we have to pay on it?

www.askmehelpdesk.com/taxes/how-disperse-life-insurance-57727.html