Kansas Administrative Regulations

Regulation Number:92-2-76
Agency Title: KANSAS DEPARTMENT OF REVENUE
Article Title: Inheritance Taxes
Tax Type:Inheritance Tax
Brief Description:Life insurance proceeds.
Keywords:


Body:

92-2-76 Life insurance proceeds. (a) The determination of what life insurance proceeds are to be included in a decedent's gross estate shall be made in accordance with Treasury Reg. Sec. 20.2042-1 (1974), which is hereby adopted by reference.
(b) Credit life insurance shall be considered to be paid to the decedent's estate rather than a named beneficiary. The amount of the credit life insurance shall not be allowed as an adjustment to the Kansas gross estate. (Authorized by K.S.A. 79-1583; implementing K.S.A. 79-1556; effective May 1, 1986.)