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    Deb01az's Avatar
    Deb01az Posts: 1, Reputation: 1
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    #1

    Sep 4, 2012, 03:09 PM
    AZ State inherience tax on life insurance left to the wife
    My husband died a few days ago and prior to his death, he assigned his life insurance policy to me. Will I be charged an inherience tax? What if any other taxes would I pay?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Sep 4, 2012, 03:58 PM
    Quote Originally Posted by Deb01az View Post
    My husband died a few days ago and prior to his death, he assigned his life insurance policy to me. Will I be charged an inherience tax? what if any other taxes would I pay?

    Life insurance passes to the beneficiary outside the Will and is not taxed.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Sep 4, 2012, 05:30 PM
    Define assinged to you. Did he name you as beneficiary or something else?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #4

    Sep 4, 2012, 05:34 PM
    Quote Originally Posted by ScottGem View Post
    Define assinged to you. Did he name you as beneficiary or something else?

    That's why I said specifically "beneficiary."
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