Posted by K Effective on February 13, 2016 at 05:54:41 from (162.235.236.141):
In Reply to: Estate tax queston posted by rrlund on February 12, 2016 at 12:58:05:
I had a meeting with our lawyer Thursday for this exact purpose. The OP numbers worked well for an example, easy math. The actual limit is $5.45M as stated later. I figure, if you have assets worth $5M, you can afford a team of experts to handle the transition planning. Those of us who do not have that kind of money, still need to plan for the inevitable, there are many ways to handle an estate, and ignoring it is one of them as well.
My own problem is not how to handle multiple children involved in the farm, but having none!
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