Quote:
Originally Posted by rubicon
Hi DaleMN The issue of the estate tax has been kicked around and I am aware that politicians believe they have more of a right to your money than you do. So no one knows how what limits the fed will settle on in the future. Ohio just removed their estate tax in hopes of stopping businesses from leaving the state.
I do have a revocable living trust.
Mark Dayton is upsetting the apple cart. Hit them well.
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No knowledge of Ohio, but I think the Fed Estate tax is reasonable. At the estate tax level, I'd submit most is untaxed gains from stocks, real estate, and other long-held assets. Frankly, it's unfair to be able to pass it on tax-free.
Unfortunately, as you pointed out, trust and other legal tricks are always there to avoid paying fair share.