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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: ManyMoose who wrote (60129)	12/14/2012 12:21:12 AM
From: greatplains_guy	1 Recommendation Read Replies (1) \| Respond to of 71588

To shield it from taxation it has to be an irrevocable trust. That means if your heirs after learning they got the money stop being nice, you can't take it back. The death tax is designed to punish success. One more (tax) drink from the trough before giving it to the heirs who will just waste it anyway. I have read that the average heir blows most of their inheritance in eighteen months. Obviously this benefits the economy much more than government seizing a majority of it. Money spent goes to others who will buy additional inventory and hire people with they money. This has a multiplicative effect.