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Originally Posted by GenuineRisk
The above has been your daily installment of "people who don't understand how the estate tax works." Here's a link to set your mind at rest, Dell, regarding your neighbors and the hypothetical value of their farm:
http://www.cbpp.org/cms/?fa=view&id=2655 |
a lot of wealthier people buy 'second to die' life insurance policies. that way, when both parts of the married couple pass, the benefits are paid, tax free of course, to the person inheriting in order to pay estate taxes.