What is the name of your state CA
Is a gift taxable if my spouse and I want to give our dauchter
ownership of an insurance policy covering my wifes life, with a
cash value of $20,000, i.e. less than the annual exclusion for the
calendar year for both of us?
Now our dauchter is a beneficiary of this policy.
Is a gift taxable if my spouse and I want to give our dauchter
ownership of an insurance policy covering my wifes life, with a
cash value of $20,000, i.e. less than the annual exclusion for the
calendar year for both of us?
Now our dauchter is a beneficiary of this policy.