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To: kcvl

$20 mill??? That sucks. In some siutations there isn’t the ability to discount that money, such as one time selling of a business, but usually if a person/family is willing to let go of some of the control over monies/property the taxes can be spared.


44 posted on 11/18/2012 10:10:40 AM PST by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off.)
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To: CodeToad

Yes, $20 million. It was an unexpected death but the family still had excellent tax palnning in place. There is just only so much one can do to avoid the death tax.

I understand the family still has plenty left but it is outrageous for the government to confiscate that much money just because someone died!


46 posted on 11/18/2012 6:25:11 PM PST by kcvl
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