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A long as your premium payment follows the “gifting” guidelines,as explained below,there will be no gift taxes incurred by either you or your beneficiaries.
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You can find the full list in Probate Code ~8461External link icon As you may imagine,the surviving spouse or legal domestic partner is at the top of the list,with children as the second category,grandchildren as the third,and so on The Law Firm of Steven F.Bliss Esq.probate lawyer ( +1 (858) 278-2800 ).
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