Posted by Dave H (MI) on February 12, 2016 at 13:37:51 from (50.108.86.148):
In Reply to: Estate tax queston posted by rrlund on February 12, 2016 at 12:58:05:
The second million, minus the debt. Since I am a big one for insisting that people credential themselves before offering a lot of professional advice, I will tell you that attorneys seem to do most of the estate tax returns. I see very few in my practice...starving lawyers nick the work before the heirs even think of calling me. Amusing, because they are probably the least qualified to do them. Most of the ones I do see are people whose sole assets are a suburban house and a modest bank account...no tax there! I do, however, have a couple clients around who are extremely wealthy and prominent folk. I have done some interesting estate work over the years for them...mostly involving getting assets OUT of the estate before death in a manner that complies with tax laws.
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