What are the tax consequences of a Senior Settlement?
Friday, September 30th, 2005You are urged to contact your financial adviser or tax professional to learn what taxes might apply.
However a Life Settlement transaction taxes might include:
Some generalizations can be made, however. If the policy owner has a documented life expectancy of under two years, the settlement qualifies as a Viatical and is usually tax-free.
If your life expectancy […]