Repeal the Estate Tax? Message Board

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Strategies & Market Trends : Repeal the Estate Tax?

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To: Riskmgmt who wrote (22)	8/9/2000 12:41:53 PM
From: donjuan_demarco	Read Replies (1) of 30

Ray I think all those things are great IF the client is charitably inclined. What I object to is selling them to people (who have no desire to donate to charity) on the basis that it will result in a net economic advantage to the client and his family. Re private foundations, I think they are great for the very wealthy. However, from a public policy standpoint, I don't like them because I think they should have to pay out more money than they do under current law. A cheaper to set up and maintain device for the not very wealthy is the self-directed charitable fund. Fidelity runs one and I understand the fees are very reasonable.

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