| Under current law, an individual can spend as much $ 2 | | | | founder Bill Gates, the legendary investor Warren E. |
| million federal estate tax free. Dennis M. Sandoval, | | | | Buffett, the billionaire financier George Soros, |
| Director of Education for the American Academy of | | | | philanthropist David Rockefeller, Jr. and Ben Cohen are |
| Estate Planning Attorneys, says this amount married | | | | co-founders of Ben and Jerry's. |
| couples can easily be doubled by simple planning. In | | | | Senator Jon Kyl (R-Arizona), a leading advocate of |
| 2009, the amount is expected to increase to 3.5 million | | | | the abolition of inheritance tax, inheritance tax must be |
| dollars. In 2010 the estate tax is repealed. However, | | | | declared to be deletedProtection of family farms and |
| exemption from real estate, taxation is only a short | | | | family businesses. "But, says a Congressional Budget |
| period. Like a phoenix fromAsh is the inheritance tax in | | | | Office (CBO) report found that only very few farmers |
| 2011 for all people with assets over $ 1 million. The | | | | and small business owners actually paid, not property |
| existing tax system has created uncertainty among | | | | taxes. Mr. Sandoval, who experienced estate planning |
| lawyers and other raging succession planning.american | | | | for wealthy farmers and entrepreneurs routinely |
| tax relief | | | | advise as to veteran lawyers or eliminate the estate |
| In recent years the debate over whether to repeal the | | | | tax, including the ownership of life insurance in special |
| estate tax has become the heat. Many wealthy | | | | trusts. The policy death benefit income tax free and |
| individuals have expressed their opposition to the slow | | | | real estate lawHeirs, can be used to pay property |
| elimination of inheritance tax, especially at a time when | | | | taxes and distribution of agricultural goods between |
| the economy seems to be seems incapable of | | | | the family members who continue to operate the |
| CongressReining in a record deficit and at least some | | | | company and to facilitate the family with the |
| believe that the war against terrorism must continue. | | | | aspirations and desires of other activities you want. |
| This group of William H. Gates Sr., father of Microsoft | | | | |