LIFE INSURANCE FOR THAI WIFE



ORIGINAL POST
Posted by JDNDDS 19 yrs ago
I have named my Thai wife as beneficiary to one of my life insurance policies in America.In the event of my death, does she have to pay income tax on the proceeds, or is there a U.S.-Thai treaty that permits Thai citizens to receive that money tax-free?

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COMMENTS
associates 19 yrs ago
She will not pay Thai tax but she would pay US estate tax unless she is the owner not just beneficiary of the policy.


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JDNDDS 19 yrs ago
of course, this is what estate planning is all about

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