Notice of Liability Statement Transferee received property before the decedent's death, page 2. This example is a continuation of the above statement and includes additional paragraphs to include where the transferee received property before the decedent’s death. The second paragraph options include: Liability as transferee and trustee or property under a trust created by the decedent of which you are a trustee, orThe amount is your liability as transferee and trustee of insurance upon the life of the deceased. The insurance proceeds are being paid to a designated beneficiary, orThe amount is your liability as a transferee of property from the decedent during his lifetime and also from the estate at or after his deathThe third paragraph to include on the statement, if appropriate, is the following: The estate tax return filed by the executor on Form 706 has been verified as filed except as follows.