Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

Proposals for Simplification of Life Insurance Policy Donation

Posted by William Byrnes on October 25, 2010


Valuing a donated life insurance policy can be tricky when taking a charitable contribution deduction. Detailed IRS guidance on insurance policy valuation has been confined to other scenarios, such as where a policy is sold or included in an estate.  Also complicating policy donation is the requirement that a qualified appraisal of the donated policy be included with the taxpayer’s return.

For in-depth analysis of the topic of charitable giving, see Advisor’s Main Library Section 1 F—Estate Planning Through Charitable Contributions

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