https://ttlc.intuit.com/community/taxes/discussion/revocable-living-trust/01/3399566#M1252998 <P>I have an insurance policy that has my sisters listed as beneficiaries and also our trust, so that the money given to the trust can be used to pay off mortgage debt in the event I pass away. Will the money the trust receives from the life insurance be taxed as income? And will my sisters portion still be received tax free?&nbsp;</P> Wed, 30 Oct 2024 19:16:04 GMT EGreene21 2024-10-30T19:16:04Z https://ttlc.intuit.com/community/taxes/discussion/revocable-living-trust/01/3399566#M1252998 <P>I have an insurance policy that has my sisters listed as beneficiaries and also our trust, so that the money given to the trust can be used to pay off mortgage debt in the event I pass away. Will the money the trust receives from the life insurance be taxed as income? And will my sisters portion still be received tax free?&nbsp;</P> Wed, 30 Oct 2024 19:16:04 GMT https://ttlc.intuit.com/community/taxes/discussion/revocable-living-trust/01/3399566#M1252998 EGreene21 2024-10-30T19:16:04Z https://ttlc.intuit.com/community/taxes/discussion/re-revocable-living-trust/01/3399573#M1252999 Fri, 13 Dec 2024 22:53:45 GMT https://ttlc.intuit.com/community/taxes/discussion/re-revocable-living-trust/01/3399573#M1252999 Anonymous_ 2024-12-13T22:53:45Z https://ttlc.intuit.com/community/taxes/discussion/re-revocable-living-trust/01/3399673#M1253000 <P>So even then if a trust receives the money from the life insurance policy, the trust does not have to pay income taxes on it?&nbsp;</P> Wed, 30 Oct 2024 19:58:28 GMT https://ttlc.intuit.com/community/taxes/discussion/re-revocable-living-trust/01/3399673#M1253000 EGreene21 2024-10-30T19:58:28Z https://ttlc.intuit.com/community/taxes/discussion/re-revocable-living-trust/01/3399678#M1253001 Fri, 13 Dec 2024 22:53:54 GMT https://ttlc.intuit.com/community/taxes/discussion/re-revocable-living-trust/01/3399678#M1253001 Anonymous_ 2024-12-13T22:53:54Z