Bill And Hillary Clinton’s Chappaqua Estate Burns In Flames

CHAPPAQUA, NY (INTELLIHUB) — A portion of the Bill and Hillary Clinton’s Westchester County estate caught fire Wednesday afternoon, according to intercepted Chappaqua Fire Division communications and one regional report. In a move that reduces the Chappaqua home’s valuation by even more, the Clintons also divided ownership of the house into separate 50% shares, with each share residing in its personal trust, according to property records obtained by Bloomberg. In common, life insurance payouts to beneficiaries do not get taxed as income But by putting the policies in the trusts, the Clintons have also taken the death advantages of these policies out of their estate — meaning that revenue won’t count toward the Clintons’ estate tax exemption.

In a move that reduces the Chappaqua home’s valuation by even additional, the Clintons also divided ownership of the house into separate 50% shares, with each share residing in its own trust, according to house records obtained by Bloomberg. In general, life insurance coverage payouts to beneficiaries do not get taxed as income But by putting the policies in the trusts, the Clintons have also taken the death benefits of those policies out of their estate — which means that funds won’t count toward the Clintons’ estate tax exemption.

In a move that reduces the Chappaqua home’s valuation by even more, the Clintons also divided ownership of the house into separate 50% shares, with every single share residing in its personal trust, according to property records obtained by Bloomberg. In basic, life insurance coverage payouts to beneficiaries do not get taxed as revenue But by putting the policies in the trusts, the Clintons have also taken the death added benefits of these policies out of their estate — which means that dollars will not count toward the Clintons’ estate tax exemption.

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