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The threshold for estate tax is over $20m right now for that same married couple. Your example takes 20 years of foresight and only gets you an extra 5% before
by delecti 8y ago
The threshold for estate tax is over $20m right now for that same married couple. Your example takes 20 years of foresight and only gets you an extra 5% before hitting estate tax.
- tathougies 8y ago20 years of foresight is not much if you start at 55. 5 percent is still free money. I'm not sure what the argument here is. The rich are more organized than you give credit for
- delecti 8y agoMy point is that your initial comment stated this was a good strategy to avoid probate and estate taxes. I agree it's a good strategy to avoid probate, but I disagree that it's a very useful strategy to avoid estate taxes. You also incorrectly (or at least greatly oversimplified) said gifts weren't taxed.