Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
As noted below, some billionaires became mere millionaires last year. But the mere millionaires were vanishing, too. According to the Spectrem Group, millionaire households in the U.S. declined from 9.2 million in 2007 to 6.7 million in 2008.
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