On Thu, 31 Mar 2005 18:40:46 -0500, S. Isaac Dealey <[EMAIL PROTECTED]> wrote: > I have to seriously wonder about the ineptitude of a billionare or > multi-millionare who when willed their millions doesn't have the > aptitude to recoup what the government takes by reorganizing the > investment of their remaining millions.
When the land and property you own gains in value exponentially more rapidly than your liquid wealth, there's not much you can do about it but sell something to get more liquid wealth. It's a very real problem and not one that's easy to fix by simply reorganizing other investments. ....and it's a problem created by the Estate Tax. According to one source (http://www.fielderfinancial.com/ep.html) "Frederick Vanderbilt left an estate valued at $76,838,530. His heirs lost 56 percent, or $42,846,112 to estate taxes." Ouch! -Cameron -- Cameron Childress Sumo Consulting Inc http://www.sumoc.com --- cell: 678.637.5072 aim: cameroncf email: [EMAIL PROTECTED] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| This list and all House of Fusion resources hosted by CFHosting.com. The place for dependable ColdFusion Hosting. http://www.houseoffusion.com/banners/view.cfm?bannerid=11 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:152435 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
