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Old 03-28-2007, 09:53 PM
Katie
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Default Re: Ohio Estate Taxes

olderguy1...[at]webtv.net (Jim -) wrote:

- quote -

> Are annuities considered part of the estate as far as the
> total value of the estate. The annuties have four
> beneficiars listed with equal amounts to be distributed
> to each. Thank you in advance for any information.



Generally, yes. Ohio Rev. Code Ann. 5731.09 Annuities.

There are exceptions for annuities arising from government
employment. Also, the value of the estate includes the
value of the annuity only in proportion to the decedent's
contributions to the purchase price. Anything contributed
by an employer is not taken into account.

Katie in San Diego

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
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Old 03-27-2007, 05:02 AM
Jim -
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Posts: n/a
Default Ohio Estate Taxes

Are annuities considered part of the estate as far as the total value of
the estate. The annuties have four beneficiars listed with equal amounts
to be distributed to each. Thank you in advance for any information.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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