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Coffee Shop
Proposed "death tax" may kill the family farm?
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<blockquote data-quote="Limomike" data-source="post: 967866" data-attributes="member: 3400"><p>Jo, You are absolutely right about that. The exemption needs to be raised instead of it falling back to the $1 million. At least keep it at the $3 million or raise it higher. Gotta get those congressmen to work for us to do it though.. :bang: </p><p> As far as a trust goes.. you would still have to pay the inheritance tax. Only way to "avoid" it is to have it in YOUR name before the death of your relatives.. Not sure about what a joint ownership would do though.</p></blockquote><p></p>
[QUOTE="Limomike, post: 967866, member: 3400"] Jo, You are absolutely right about that. The exemption needs to be raised instead of it falling back to the $1 million. At least keep it at the $3 million or raise it higher. Gotta get those congressmen to work for us to do it though.. :bang: As far as a trust goes.. you would still have to pay the inheritance tax. Only way to "avoid" it is to have it in YOUR name before the death of your relatives.. Not sure about what a joint ownership would do though. [/QUOTE]
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Proposed "death tax" may kill the family farm?
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