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Politics : Politics for Pros- moderated

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To: aladin who wrote (33456)	3/8/2004 4:06:15 PM
From: redfish	Read Replies (1) of 793659

"What part? That the tax shelters exist? - estate plans that can effectively avoid death tax have been on the tax roles for years - all it takes is a good lawyer. Even when taxes are paid - its only to place money in a trust at the death of the original earner - successive generations get a free ride." Could you give me some examples? Leveraging the unified credit has been around for decades, and can be done at nominal cost. Irrevocable life insurance trusts? Once again, old news and cheaply done. Charitable remainder trusts? Inconsequential since the cut in capital gains tax. Family limited partnerships? Makes sense in large estates, but you have to trust your kids, give it away. "successive generations get a free ride" Apparently you never heard of the generation-skipping tax.

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