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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST
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To: Brian Sullivan who wrote (9592)5/2/2020 12:31:15 PM
From: benwood   of 26720
 
I think that is everywhere, for Federal tax anyway.

I was just reading (again) about that, where some people transfer the property to an offspring shortly before they pass away and trigger a massive tax event for the child that otherwise wouldn't have occurred.

This mechanism is the number one way to pass massive wealth to your heirs, and one of the reasons wealth is concentrating in fewer and fewer hands.
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