Best Answer

Sounds like you need French legal assistance.

User Avatar

Wiki User

โˆ™ 2005-10-16 22:23:31
This answer is:
User Avatar
Study guides
See all Study Guides
Create a Study Guide

Add your answer:

Earn +20 pts
Q: 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?
Write your answer...
Related questions

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.

Does a beneficiary pay federal taxes on money received?

Generally, no

What are the ratings and certificates for The Beneficiary - 1997 TV?

The Beneficiary - 1997 TV is rated/received certificates of: Germany:12 USA:R

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 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

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.

At the conclusion of a GRAT what is the cost basis of the stock for the beneficiary grantors original cost or grantors cost on the date GRAT started or cost on the date of transfer to the beneficiary?

Cost basis is equal to cost basis of original grantor plus any gift tax paid (the same as if the beneficiary had received the stock directly as a gift)

Where can I find more information about starting a beneficiary iras?

You can find information regarding beneficiary IRA's by visiting They are inherited IRA's that are received after the IRA owner passes away.

What are the ratings and certificates for Ironside - 1967 Grandmother's House 4-25?

Ironside - 1967 Grandmother's House 4-25 is rated/received certificates of: Australia:M (video rating)

Is there any way to find out the date a beneficiary was named on a life insurance policy in a case where undue influence is suspected?

Yes, when the beneficiary was changed the insured would have received paperwork. Find it or if you are a party to the policy than you can call the insurance company and ask.

How old was the oldest person to receive a pacemaker?

My grandmother received one today - she was 99 Oct 25th 2007.

Does the following sentence have a participial phrase The grinning baby was playing with the new toy she had just received from her grandmother?


What happens if one beneficiary is deceased?

The answer depends upon the laws of the state in which the decent died. It also depends upon what the will says. Some will specifically state what happens in such a case and those wishes are to be followed. In absence of specific directions or in absence of a will state laws control. Different states might have different rules. As an example, in NJ, there are several rules dealing with this issue. First, if the deceased beneficiary is a child of a grandparent common to the decedent and the beneficiary, then the gift the deceased beneficiary would have received had he/she lived goes to the issue (children and grandchildren) of the beneficiary. It does not get distributed as part of the deceased beneficiary's estate. If the beneficiary and the decedent have no common grandparent then the gift lapses and it goes back into the estate to be distributed according to the will most likely as part of the residuary estate. I trust that that is perfectly unintelligible.

Can you search by name to find out if someone received money as a beneficiary?

I don't believe so...although there may be some commercial subsciption system, for investigators and such, that can do it.

Are death benefits received from a veba taxable to the beneficiary of a member?

Death benefits are never taxable as long as you never deducted the premiums on your tax return.

Does the beneficiary of a life insurance policy have to pay taxes on the proceeds?

The answer to the question of whether or not beneficiaries have to pay taxes on the money received from life insurance policies is: no they will not have to.

Does the beneficiary pay taxes on income?

It depends on where the income comes from. If it is interest on a municipal bond, then no. If it is distributions from a traditional IRA, then yes (except for the decedent's basis in the IRA). There are many kinds of accounts or other property that you can be the beneficiary of. It depends on exactly what you received.

What are the ratings and certificates for The Flying Nun - 1967 How to Be a Spanish Grandmother 2-12?

The Flying Nun - 1967 How to Be a Spanish Grandmother 2-12 is rated/received certificates of: Argentina:Atp Australia:G

On Ben 10 how did Gwen get her powers?

Gwen received her powers from her Grandmother Verdona, who is an Alien being that can control life energy.

Do you claim the money from life insurance policies from your parents death?

If you are the named beneficiary of their life policies you do. You can call and ask the insurance companies who the beneficiary is and they will tell you that much. I presume your question had to do with claiming the death proceeds as income. If so, the answer is NO! Life insurance proceeds are received income tax free.

What does it mean when you are a new beneficiary and you have received an award letter from Social Security office?

that uve done something amazing and they want to award u with a letter hahaa

Was ford motor company bailed out by the government?

No, they received no government loans and the did not take bankruptcy.