KHWEBERCPA Posted March 26, 2015 Report Share Posted March 26, 2015 First time for this one. Client contributed a universal life insurance policy to a charity. Since the cash value is over $5,000, it appears to require an appraisal. How do you get a life insurance policy appraised? The insurance company has provided Part II of Form 712, showing a value on Line 58 (f) for net value of the policy for gift or estate tax purposes. Will that suffice for an appraisal? If not, what have you used? Thanks for any advice you can give. Ken Weber Vancouver, WA Quote Link to comment Share on other sites More sharing options...
Elrod Posted March 26, 2015 Report Share Posted March 26, 2015 His contributed value would be the same as his cash surrender value, which is probably the same as what the insurance company reported to him. Check with insurance company. Also be aware that some may be taxable to him. 1 Quote Link to comment Share on other sites More sharing options...
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