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What are the tax implications of naming an estate as a beneficiary?

Answer:

Your own estate?

Poor planning for life insurance anyway....life insurance would go to a named beenfificary tax free and virtually instantly upon death/certiification..simple, easy, basically unchallenged and protected from others claims.

Once it becomes part of the estate, it just increases the estate..and any inheritance/transfer taxes, administration fees, etc will be charged/increased because of it (like any other asset/cash in the estate)....plus just it becomes an asset that anyone who wants to challenge the other beneficiaries, or feels they were due something for any reason...has to go after.

First answer by IamLostRU. Last edit by IamLostRU. Contributor trust: 1567 [recommend contributor ]. Question popularity: 2 [recommend question].

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