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

To: combjelly who wrote (577740)	7/24/2010 10:11:41 AM
From: i-node	1 Recommendation Read Replies (1) \| Respond to of 1570913

Interesting. You claim to have handled many of these cases. The figures show this happens extremely rarely. I guess you were pretty specialized to get the lion's share of these cases. You're nuts. This is what CPAs do day in and day out -- help people to plan to leave assets to their children instead of their government. It is totally common. My dad sold the family business to my brother when dad retired. The total purchase price was under $300,000. Today - 40 years later -- the business has grown in a fairly normal manner to a point that my brother has to be concerned about the business having to be sold off to to pay the estate taxes that will be due on his death. I would point out that the growth trajectory of the business has been LESS than it was when my dad owned it. And in the end he'll have to purchase expensive life insurance he really cannot afford to cover this liability. I small company I work with sells packaging goods. Over 30 years it has grown into a money maker that is easily worth 20 million or more. The dad has two sons he'd like to leave the business to. When he dies, he has a huge problem because the estate has to come up with 12 million to pay estate taxes, yet they need that money to fund the continued operation of the business. They have a total of six warehouses. Which will have to be closed. These are the problems small business faces daily. I don't know where you got the idea there are only a few instances of this problem. Just ignorance, I guess. *The figures show this happens extremely rarely.* Let's see your "figures" you big douche.