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Non-Tech : Estate Planning -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (34)	6/10/1998 1:58:00 AM
From: Kenneth Kirk	Read Replies (1) \| Respond to of 36

Post, if these questions are for real you really ought to sit down with a good estate planning lawyer so he/she can get all of the details and give you directed answers. I suspect the reason no one answered you after 2 days is that those are tough questions which would take a lot to answer in detail, without more specifics. I do know the answer to at least one question, whether the estate below 625k is exempt. The answer is yes, although it's not when they both die, but when each dies. Also I couldn't say for sure on state taxes, that would depend on the state, although usually they observe the same limits as federal. However given how close they are to the cap, and the possibility that undervalued or forgotten assets may put them over, they should look into whether a credit shelter or A/B trust would be worthwhile. But that depends a lot on specific circumstances. See a lawyer. It'll be $100 or so well spent.