OK we are almost two full months into 2010, and still we have no idea what's going to occur with the estate tax for deaths that occur in 2010.
Wealthy individuals are dying all around us since January 1, 2010, and surviving family members do not know whether it is OK to distribute the assets, sell the assets to raise cash to pay a potential estate tax, or whether to go back and search records in an attempt to determine the capital gains tax basis because there may not be a full step-up in basis for decedent's dying with appreciated assets.
By all means this should have taken place prior to December 31, 2009. But it did not. So families are being held hostage not knowing what to do while grieving for their lost family member.
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Posted by: beats by dre headphones | 12/04/2011 at 09:59 PM