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A $2 Million Term Life Policy Counts Toward Your Taxable Estate the Day You Die. In Oregon That Alone Puts an Otherwise Ordinary Family Over the $1 Million Line

Source: 247wallst.com

Tax & Tariffs
A $2 Million Term Life Policy Counts Toward Your Taxable Estate the Day You Die. In Oregon That Alone Puts an Otherwise Ordinary Family Over the $1 Million Line

A term life policy intended to protect children can push an Oregon estate over a tax threshold and result in a five-figure bill, the article warns. It says families may not realize the exposure until an executor calculates the estate; no specific threshold or tax amount is provided.

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