no, you are wrong here. Estate planning can not eliminate the inheritance tax. At best it can help shield some of it for a period of time, but the tax must be paid, even if the assets are in LLC's or trusts. Obviously an untimely death makes this pain much worse than it could be. But dont get the idea into your head that the very rich arent paying up- they do- thats why they want the tax removed. I am all for taking money away from the government, at any cost. Ever been to the Dept. of Motor Vehicles? See what I mean?
Slashdot Mirror
no, you are wrong here. Estate planning can not eliminate the inheritance tax. At best it can help shield some of it for a period of time, but the tax must be paid, even if the assets are in LLC's or trusts. Obviously an untimely death makes this pain much worse than it could be. But dont get the idea into your head that the very rich arent paying up- they do- thats why they want the tax removed. I am all for taking money away from the government, at any cost. Ever been to the Dept. of Motor Vehicles? See what I mean?