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USA | $1 million invested in farmland 30 years ago is worth $20 million currently. Current rent @ 2% = $400,000 year income
Husband -wife can transfer the $20 million @. death free of any fed tax, but would owe about $2 million in estate tax if they lived in ILL.
If the heirs sold the ground for $20 million - $2 million ILL estate tax= $18 million net to invest. Invest the $18 million @ 5% = $900,000 year income. | |
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Hey 555 take a look at this.
