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| .. If widower farmer john dies in 2013 and that section gets valued at $13,000/acre or $8 million 320 thousand and it goes to anyone except spouse or charity
either in Farmer John Trust or not in a trust there is goin to be a tax bill of over $ 4 million due to the IRs within 9 months
planning or no planning... estate tax of 4 million is due.
so if the children decide not to mortage the property and sell it for the 8,320,00 million , the proceeds will be : Irs gets $ 4,026,000 children get 4, 294,000
this no tax liability you mention
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Thoughts on all the talk/complaining about taxes/estate tax on here.
