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- #11
ValeRosso
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- 626
Guessing he is not talking about federal estate tax, is talking about a State inheritance tax like Oregon, Washington, Illinois, Maine, etc. Plus, Illinois inheritance tax doesn't apply to life insurance paid directly to beneficiaries
Correct, state Estate tax in Oregon, not worried about Federal.
Not sure if you know this answer...if he cashes his annuities to purchase WL or even another annuity...only the earnings would be taxed as income, not the principle (because its non-qualified)?