Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
Tuesday, July 13, 2010
Another Billionaire Departs Tax Free
George Steinbrenner, the revered (by some) and reviled (by many others) boss of the New York Yankees, died of a heart attack in Florida this morning. Already bloggers are noting that he's the third billionaire to make a timely – that is, estate-tax free – departure this year.
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