Death and Taxes

This morning I met with one of the estate planning attorney’s my firm frequently works with and he brought up some of the moral dilemmas that could potentially face planners and families in the coming year.

Without further legislation, there will be no estate tax in 2010. The estate tax can erase nearly half of a wealthy person’s estate, so for some time, the joke has been that 2010 is the time people should try to die. For families facing end-of-life decisions, the temporary elimination of the estate tax makes one of life’s most trying episodes even tougher.

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