[TheForge] erasable marker boards
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[email protected]
Wed Nov 27 09:53:01 2002
jeff,
re: inheritance tax
>What is the applicable lifetime exclusion amount?
>The applicable lifetime exclusion amount is $625,000 in 1998 �- scheduled to increase in uneven increments to $1 million in 2006. It is the amount that an individual can pass, free of gift tax during life or estate tax at death to anyone they choose.
>Roger;
>
> I'm spending my children's inheritance... why let the government
>take half of it?
>
> Jeff ><>
>
>