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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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Every weekday at 9:00 AM (EST), The Sound of Ideas reports the news, explains the news, and sometimes makes news. The Cleveland Press Club awarded it “Best Radio Show” in Ohio and thousands daily find it to be an indispensable source of information about what’s most important to Northeast Ohioans.

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