Tax Reform Makes Careful Estate Planning Important
Jonathan Plutchok, Ny Times, THE JOURNAL RECORD
financial mythology, this fallacy is firmly enshrined: ``I don't need estate planning.
That's just for the very wealthy.''
In fact, many people are wealthier than they think.
Owners of real estate may be sitting on hundreds of thousands of dollars in equity. Add jewelry, a vacation home or an inheritance ... and you may need sophisticated estate planning, too.
Careful estate planning has become more important since tax reform. Just last December, the Revenue Act of 1987 postponed a decline in the top estate tax bracket and eliminated the benefit of estate tax deductions and credits for the super-rich.
The same law melted the most …
The rest of this article is only available to active members of Questia
Sign up now for a free, 1-day trial and receive full access to:
- Questia's entire collection
- Automatic bibliography creation
- More helpful research tools like notes, citations, and highlights
- Ad-free environment
Already a member? Log in now.
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Article title: Tax Reform Makes Careful Estate Planning Important.
Contributors: Jonathan Plutchok, Ny Times - Author.
Newspaper title: THE JOURNAL RECORD.
Publication date: November 24, 1988.
Page number: Not available.
© 2009 THE JOURNAL RECORD.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset