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re: Burial insurance/plot
Posted on 5/2/13 at 9:57 am to OnTheBrink
Posted on 5/2/13 at 9:57 am to OnTheBrink
quote:
For lets just say a $100,000 gift upon someon'e death. roughly how much would the heirs receive?
The heirs would receive 100%. The estate tax only applies to multimillionaires (unless Ala. has a state estate tax with a lower cutoff; a few states do, but I seriously doubt Ala. is one of them). Many people rail against the estate tax but don't realize it doesn't apply to them or anyone they know.
And for those multimillionaires, there are certainly some legal estate tax avoidance schemes which, again, Poodlebrain would be better off commenting on. Just as there are income tax avoidance schemes. One of the benefits of wealth is that it buys you better attorneys.
Posted on 5/2/13 at 9:59 am to Cold Cous Cous
quote:
Cold Cous Cous
Thanks! Yeah, probably a good bet that it will not apply to me when that time comes.
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