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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (119135)	12/22/2000 5:54:07 PM
From: Bernard Levy	Read Replies (3) \| Respond to of 769670

Hi JDN: I agree that the abolition of the estate tax will be good for all small businesses. A few posts back PartyTime was attributing the loss of family farms to the big bad corporate farms. The more likely reason for this problem is the estate tax, since it is unbelievably difficult to compete if your capital is confiscated. Best regards, Bernard Levy

To: JDN who wrote (119135)	12/22/2000 6:01:48 PM
From: Ish	Read Replies (1) \| Respond to of 769670

<<My brother and his wife inherited a plumbing company and stocks. they had to sell ALL the liquid assets to pay the inheritance tax to keep the company. >> A friend's father went into the plumbing supply business in the 40s with a partner. In 1960 they drew up a but out in case of death for $300k. In 1988 they were having a new buy out drawn up in the amount of $10 million. Papers drawn up and the signing on Monday when my friend's father had a stroke on Friday and died.

To: JDN who wrote (119135)	12/22/2000 6:14:16 PM
From: Shoot1st	Read Replies (1) \| Respond to of 769670

better to take some of the interest off the liquid assets and purchase life insurance to fund the tax debt... funny how people have an aversion to being insured...but those same folks would like nothing better than bo be named beneficiaries. tell your jeweler to find an agent licensed through the LEAP system....they are the best educated in the financial services field. Shootie