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It's easy
Posted by dudewithasaab [Email] (more from dudewithasaab) on Tue, 11 Jul 2006 13:48:23
In Reply to: potentially difficult questions, Sam, Tue, 11 Jul 2006 06:13:20
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1. Family figures out what they *want* to do.
2. Find a CPA & Estate attorney in *your* locale (state in USA).
3. Set it up.
Laws on estates cary termendously by State and are in constant turmoil at the Federal level. You need a sharp CPA & attorney who specialize and can advise you on how to set it up 'this week'.
As to the tax issues noted in the previous post: there is a very small group of very rich folks (parties unimportant) who are spending something like $100m on lobbying for reduced/eliminated estate taxes as they have something like $70b in taxes to avoid. CNN recently did a report on it. Expect them to have significant influence on the legislation, again and again. It's not really a political question, it's about a big pile of money.
posted by 68.162.21...
Posts in this Thread:
- Estate Planning Question, Randy Thatcher , Mon, 10 Jul 2006 22:52:53
- Back from Japan?...., Mike Lynch , Tue, 11 Jul 2006 14:32:11
- succession planning, phillymb75, Tue, 11 Jul 2006 08:10:37
- Agree with TKC, Thank your parents for doing this now.., MI-Roger , Tue, 11 Jul 2006 07:48:22
- Re: Estate Planning Question, jp, Tue, 11 Jul 2006 07:16:48
- It's is all up to your Dad (and Mom) to decide....., TKC, Tue, 11 Jul 2006 06:52:49
- potentially difficult questions, Sam, Tue, 11 Jul 2006 06:13:20
- It's easy, dudewithasaab, Tue, 11 Jul 2006 13:48:23 <-- Viewing This Message
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