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EGreene21
Level 2

Revocable Living Trust

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? 

posted
‎October 30, 2024 12:16 PM
last updated ‎October 30, 2024 12:16 PM
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3 Replies
Anonymous_
Level 15

Revocable Living Trust

 
‎October 30, 2024 12:20 PM
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EGreene21
Level 2

Revocable Living Trust

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? 

‎October 30, 2024 12:58 PM
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Anonymous_
Level 15

Revocable Living Trust

 
‎October 30, 2024 1:01 PM
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