|
|
Article: Hurry up and die: favorable estate tax changes scheduled to disappear in 2011.
- Article from:
- Arkansas Business
- Article date:
- March 22, 2004
- Author:
CopyrightCOPYRIGHT 2004 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
"MY ADVICE TO those who die, declare the pennies on your eyes ... Yeah, I'm the taxman, and you're working for no one but me."
The Beatles might not have helped the Internal Revenue Service's reputation for gouging a person all the way to the grave, but a good estate lawyer can save an estate a substantial amount of coin.
Although there's no way to completely avoid estate taxes, there are several ways to mitigate them. In particular, individuals with lots of assets to leave their heirs may want to hurry up and die before Jan. 1, 2011.
Estate taxes are undergoing significant changes at the federal level. The Economic Growth and Tax Relief ...