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Old 09-01-2006, 08:58 AM
sweeps sweeps is offline
Hopeless Optimist
 
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Default Re: life insurance how much does one person need??

By the way, I think we're both right. Generally speaking, beneficiaries do not pay income taxes, but they may have to pay estate taxes. Source

But again, an estate planning professional should be called in if you have a sizeable estate. This stuff can become very complex very quickly.
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