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1998 SESSION

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HB 761 Wills and decedents' estates; augmented estate.

Introduced by: Roger J. McClure | all patrons    ...    notes | add to my profiles

SUMMARY:

Augmented estate. Provides that the value of an insurance policy which is included in the augmented estate is determined as of the date of an irrevocable transfer of the policy during the decedent's life and is the cost of a comparable policy on that date or its "interpolated policy reserve." The value of premiums paid on a policy owned by another is the amount of the premiums.


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