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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: brushwud who wrote (192460)	6/24/2012 6:11:42 PM
From: Bread Upon The Water	Respond to of 541933

And you don't have to settle up with the government until you're dead as the gift shrinks your estate tax exemption which is scheduled to go from 5 million this year to 1 million next year--I think. So a 500 thousand gift reduces your estate exemption to 4.5 million this year and .5 million next year. So if you've got a big estate and are old you can do your relatives a big favor by dying before DEC 31st! (G).