Ranger Posted June 20, 2012 Report Share Posted June 20, 2012 My question concerns a life insurance policy held jointly by husband and wife (family trust) where the surviving spouse is the beneficiary. If husband dies first, would half the proceeds go to his estate? Quote Link to comment Share on other sites More sharing options...
michaelmars Posted June 20, 2012 Report Share Posted June 20, 2012 IF properly owned by the trust and the trust paid the premiums, then no, it bypasses the estate Quote Link to comment Share on other sites More sharing options...
Ranger Posted June 21, 2012 Author Report Share Posted June 21, 2012 Thank you for your response Michael. It is a revocable trust, so there is incident of ownership and would be included in the estate. I believe it would be treated like a any other jointly held property and one half would be included in the estate of the first spouse to die. Quote Link to comment Share on other sites More sharing options...
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