1035 Exchanges, Taxes, and Estate Planning: Costs and Rates – Page 2

Are life insurance premiums paid by someone else considered a gift?

June 28, 2026August 24, 2023 by easygrouse76

The bottom line Are life insurance premiums paid by someone else considered a gift? Usually, yes: paying premiums on a policy owned by another person generally transfers value to that owner. For 2024, qualifying present-interest gifts of up to $18,000 per recipient could use the annual exclusion, but ownership, trust terms, and filing rules still … Read more

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