FEDERAL · 26 U.S.C. · Chapter 11
Liability of life insurance beneficiaries
Current through Pub. L. 119-102
Unless the decedent directs otherwise in his will, if any part of the gross estate on which tax has been paid consists of proceeds of policies of insurance on the life of the decedent receivable by a beneficiary other than the executor, the executor shall be entitled to recover from such beneficiary such portion of the total tax paid as the proceeds of such policies bear to the taxable estate. If there is more than one such beneficiary, the executor shall be entitled to recover from such beneficiaries in the same ratio. In the case of such proceeds receivable by the surviving spouse of the decedent for which a deduction is allowed under section 2056 (relating to marital deduction), this section shall not apply to such proceeds except as to the amount thereof in excess of the aggregate amou
Free access — add to your briefcase to read the full text and ask questions with AI
26 U.S.C. § 2206 (Liability of life insurance beneficiaries) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In Re Ogburn's Estate
406 P.2d 655 (Wyoming Supreme Court, 1965)
In the Matter of Estate of Tovrea
845 P.2d 494 (Court of Appeals of Arizona, 1992)
Firstar Trust Co. v. First National Bank of Kenosha
541 N.W.2d 467 (Wisconsin Supreme Court, 1995)
Estate of Fender v. Fender
422 N.E.2d 107 (Appellate Court of Illinois, 1981)
Metropolitan Life Insurance v. Barretto
178 F. Supp. 2d 745 (S.D. Texas, 2001)
National State Bank of Newark v. Nadeau
153 A.2d 854 (New Jersey Superior Court App Division, 1959)
Davis v. Smith
891 So. 2d 811 (Mississippi Supreme Court, 2005)
Estate of Cohen v. Crown
954 S.W.2d 409 (Missouri Court of Appeals, 1997)
In Re Davidson
1982 OK 27 (Supreme Court of Oklahoma, 1982)
First National Bank of Nevada v. Wells
148 S.E.2d 119 (Supreme Court of North Carolina, 1966)
J.C. McAleer as Administrator C.T.A. Of the Estate of Willard Henry Jernigan, Jr., Deceased v. Jewell A. Jernigan
804 F.2d 1231 (Eleventh Circuit, 1986)
Estate Sheppard Ex Rel. McMorrow v. Schleis
2010 WI 32 (Wisconsin Supreme Court, 2010)
In Re Estate of Fogleman
3 P.3d 1172 (Court of Appeals of Arizona, 2000)
Arzt v. Savarese
36 F. Supp. 2d 653 (D. Delaware, 1999)
National Bank in Bartlesville v. Faulkner
1982 OK 27 (Supreme Court of Oklahoma, 1982)
Northern Trust Company v. Baron
377 F. Supp. 666 (N.D. Illinois, 1974)
In Re Estate of Kapala
402 N.W.2d 150 (Court of Appeals of Minnesota, 1987)
First National Bank of Shelby v. Dixon
248 S.E.2d 416 (Court of Appeals of North Carolina, 1978)
In Re Succession of Haydel
780 So. 2d 1168 (Louisiana Court of Appeal, 2001)
Gesner v. Roberts
219 A.2d 885 (New Jersey Superior Court App Division, 1966)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 402; Pub. L. 94–455, title XX, §2001(c)(1)(H), Oct. 4, 1976, 90 Stat. 1852.)
Editorial Notes
Editorial Notes
Amendments
1976—Pub. L. 94–455 substituted "the taxable estate" for "the sum of the taxable estate and the amount of the exemption allowed in computing the taxable estate, determined under section 2051" after "policies bear to".
Statutory Notes and Related Subsidiaries
Effective Date of 1976 Amendment
Amendment by Pub. L. 94–455 applicable to estates of decedents dying after Dec. 31, 1976, see section 2001(d)(1) of Pub. L. 94–455, set out as a note under section 2001 of this title.
Amendments
1976—Pub. L. 94–455 substituted "the taxable estate" for "the sum of the taxable estate and the amount of the exemption allowed in computing the taxable estate, determined under section 2051" after "policies bear to".
Statutory Notes and Related Subsidiaries
Effective Date of 1976 Amendment
Amendment by Pub. L. 94–455 applicable to estates of decedents dying after Dec. 31, 1976, see section 2001(d)(1) of Pub. L. 94–455, set out as a note under section 2001 of this title.