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re: Burial insurance/plot
Posted on 5/2/13 at 10:06 am to OnTheBrink
Posted on 5/2/13 at 10:06 am to OnTheBrink
quote:
Yeah, probably a good bet that it will not apply to me when that time comes.
Well assuming you're not planning on dying right away, you really don't know what the cutoff will be when you do go. The estate tax cutoff jumped around a lot during the first decade of the 2000s, from somewhere around $1 million to $8 million, and (IIRC) there actually was no estate tax for a short time. No telling what Congress or the state leg's will do in the future.
1
Posted on 5/2/13 at 10:53 am to Cold Cous Cous
The only problem is that often that money has already been taxed. When the owner earned it. Now the heirs get it and they are taxed again. It's bullshite
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