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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (260294)	11/15/2005 2:06:46 PM
From: bentway	Read Replies (1) \| Respond to of 1572885

If Paris's parents gave her the hotel empire while they lived, they would not be subject to the inheritiance tax, which only kicks in after death and above a high threshold of dollars ( I believe over a million dollars at this time, and 5.5 million dollar cap is proposed ). I think they'd be subject to the gift tax. What they should do to keep Paris in the chips is set up a trust. They probably already have. Most rich parents do this, mainly to keep their worthless children from blowing it all, and to avoid taxes. eonline.com