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As beneficiary to a foreign life policy taken out by your French grandmother for us grandkids in the US do you have to pay tax on the amount received to the French government?
Wiki User
∙ 18y ago
Sounds like you need French legal assistance.
Wiki User
∙ 18y ago
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How can you use beneficiary in a sentence?
The beneficiary received a huge amount of money from lottery.
Is money received as a beneficiary taxable in NY?
The government will take any money they can from you so I would say that they will tax it. You can thank Obama for that.
Is money received as a beneficiary from an estate taxable?
Money received as a beneficiary from an estate is not considered taxable. Money that is left on behalf of an estate is an inheritance and is considered to be tax free.
What are the ratings and certificates for The Beneficiary - 1997 TV?
The Beneficiary - 1997 TV is rated/received certificates of: Germany:12 USA:R
Does a beneficiary pay federal taxes on money received?
Generally, no
What are the ratings and certificates for The Dresden Files - 2007 Soul Beneficiary 1-6?
The Dresden Files - 2007 Soul Beneficiary 1-6 is rated/received certificates of: USA:TV-PG
How is the tax rate inheritance tax determined?
it depends on the value of the property received by the beneficiary and the relationship to the deceased.
How is tax rate for inheritance tax determined?
it depends on the value of the property received by the beneficiary and the relationship to the deceased.
How is the tax rate for inheritance tax determined?
it depends on the value of the property received by the beneficiary and the relationship to the deceased.
Who is responsible for payment of self employment tax on fees received by a professional beneficiary?
The self-employed person who received the fee is responsible for their own income taxes.
What does an executor do if a beneficiary does not cash an estate check In this case the estate has been closed for six months?
The executor should contact the beneficiary to see if the check was ever received. If it was they should request it be cashed immediately. If not, depending on the type of check used, that executor should arrange for a replacement. It would seem that the checks were simply mailed out with no request for the beneficiary to sign any release. A signed release shows the funds were received.
Can judgment be put against a beneficiary in a trust?
Typically, a beneficiary of a trust cannot be personally liable for the debts or judgments against the trust. However, if the beneficiary has received assets from the trust, those assets could be subject to creditor claims. It is important to consult with legal counsel to understand specific circumstances and protections.
