Quote:
The surge in wealth is also fueling growing interest in inheritance, especially among the baby boomers. Studies estimate between $41 trillion and $136 trillion will be transferred across generations in the next 50 years in the U.S. The wealth report states that the money will be divided among heirs, charities and taxes. The size of the potential tax hit has led many high-net-worth individuals to shop around for tax-minimization strategies, and is driving new business for trust-and-estate planners, charities and tax advisers.
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inheritance tax is a BIGGEST "Taxation without representation" in this country,
and taxes the money which were already taxed!
Sorry, Uncle, but I am spending it all on booze and hookers,
I'd rather die from cirrozes of the liver with a big smile on my face than turn in the grave knowing that my beneficiaries get shaved once again
;-))))