Submitted by ThrowawayWillRI t3_10b54p5 in RhodeIsland
ThrowawayWillRI OP t1_j49e1x9 wrote
Reply to comment by FAYCSB in Do I need to pay taxes when I receive a life insurance payout? by ThrowawayWillRI
I'm not entirely sure how it all works in Canada. The policy is not with a proper insurance company, it's with a bank. The executor of the will has to meet with the bank to talk through stuff.
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