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Are wrongful death proceeds part of the deceased estate?

April 26, 2017death deceased Estate proceeds wrongful

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Are wrongful death proceeds part of the deceased estate?

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A. Wrongful death recovery is not part of the estate and is distributed without regard to decedents’ Last Will and Testament. In addition, wrongful death proceeds are not taxable. The survival proceeds are part of the decedents estate and their may be tax consequences involved for the estate.