Estate Taxes

From: "Harold R. Justice" <hjustice@concentric.net>
Subject: Estate Taxes
Date: Sun, 19 Dec 1999 20:41:56 -0600

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Bob,

This sounds like a scam to me. The best way to save on estate taxes is to consult with
a professional estate planner and set up the proper trusts and a correctly written
will. For the note to be valid, your children would have to give you something of equal
value, perhaps taking in the present value of the amount you will leave them. Not many
children could afford to do this.

Harold Justice


>  Date: Sat, 18 Dec 1999 12:08:43 -0500
> From: BOB FORD <BOB_FORD@compuserve.com>
> Subject: AVOID ESTATE TAXES
>
> I recently read an article on avoiding
> estate taxes.  It suggested creating a
> note (IOU)  to your children as a way
> to avoid estate taxes.  For example
> if your estate was $1,000,000 it said
> that you could create a note to your
> children that was payable on your
> death.  If you had two children the
> note could be for $500,000. It is claimed
> that would make the value of your
> estate Zero.
>
> Anyone know if this will work?
>
> BOB FORD
> BOB_FORD@COMPUSREVE.COM
>




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