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NO, If there were the consequences would be on her anyway because she is the one receiving something of value. Bummer you have to transfer ownership. Are you sure you cannot just change the beneficiary? That way when you are no longer obligated to support her or the kids you can change the benficiary back to someone you love or even sell it.

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15y ago
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Q: Is there tax consequences if you transfer a life insurance policy on your life that you own to your ex-wife pursuant to a domestic order?
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