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The Sound of Ideas

Matters of Estate

Posted Wednesday, June 16, 2010

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A lapse in the Federal estate tax this year allows the descendants of Texas energy tycoon to keep his $9 billion fortune, but it also means the loss of more than $25 billion in tax revenue for the nation. This estate-tax holiday is an unplanned year long event, and in 2011, the tax returns with a vengeance. Wednesday morning, we tackle two bugaboos about estate planning: this current estate tax anomaly, and the way in which qualifying for Medicaid has changed the landscape of aging.

Tags

Government/Politics, Other, Aging/The Elderly, Community/Human Interest

Guests

Paul Sullivan Wealth Matters columnist, New York Times & Author, Clutch: Why Some People Excel Under Pressure and Others Don’t
Kevin Purcell Attorney at Law, Estate Planning, Trust and Probate Law

Additional Information

Legacy for One Billionaire: Death, but No Taxes, By David Kocieniewski, The New York Times
Confusion Over the Dormant Estate Tax Keeps Advisers Busy, By Paul Sullivan, Wealth Matters column, The New York Times

Leave a Comment

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Steve 9:55 AM 6/16/10

What if a person is single, owns his own home and has to go to a nursing home...any help there?
Thanks

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