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Estate Tax Moratorium this year

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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-01-10 11:48 AM
Original message
Estate Tax Moratorium this year
If you're wealthy, keep an eye on your heirs this year.
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Hello_Kitty Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-01-10 11:49 AM
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1. Anyone who dies with an estate tax liability has a fool for a financial planner
Too easy to avoid the estate tax.
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-01-10 11:51 AM
Response to Reply #1
2. yep. all kinds of trusts that can be put in place
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-01-10 12:02 PM
Response to Original message
3. If you're wealthy and you die this year, you have two sets of documents ready.
A Will with Trusts if 2010 remains tax free to die or
another Will with estimated tax if Congress reinstates the estate tax retroactively.
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DavidDvorkin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-01-10 12:04 PM
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4. If I were the heir of a rich person
this would matter to me.

As it is, I'll just keep worrying about bills and finding a job.
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