Situation:Person with terminal illness, a public sector teacher, still working, must decide how to configure retirement distribution for benificiaries. If person dies while in service a distribution "X" is awarded to beneficiaries. If person goes on retirement disability before passing, then beneficiares get either the regular disability payments "P" or a lump sum "Y" which is 3 to 4 times "X". If person just plain retires, then beneficiaries get nothing.Questions:What are the tax consequences for the estate and the beneficiary for either "X", "Y" and "P"?Thanks,KevinL
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat