Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
The other day I heard an entrepreneur say he seldom thought about income tax in his hiring or expansion decisions. Economic outlook and anticipated demand were what counted. Seems unlikely that he gives any thought to the estate tax.However many jobs a higher estate tax might cost, the number would be trivial compared to the job losses if estate-tax repeal became permanent. A whole country full of unemployed estate planners! I don't even want to think about it.
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