Safe Mode: On
Dying 13 hrs. too soon cost $3 mil in taxes

With 2010 the last year to cross the river Styx tax free, many who've amassed an estate over the last 30 to 40 years are faced with a grave decision:dying this year would save their families from crushing taxation that could leave many on the lower end destitute.
-
http://www.nypost.com/p/news/local/manhattan/dying_hrs_too_soon_cost_mil_in_taxes_BrrG4ZRdNiP8cWI46Cr2gJ

Dying 13 hrs. too soon cost $3 mil in taxes
Comments: 53

By SUSAN EDELMAN

Last Updated: 12:37 PM, January 11, 2010

Posted: 1:13 AM, January 10, 2010

If Fritz Lohman had only known, he would have waited another 13 hours to kick the bucket.

Lohman, 87, a SoHo real-estate magnate who pioneered the exhibition of gay art, died at home at about 11 a.m. on New Year's Eve after a long illness.

If he had instead passed away after midnight Jan.1, his partner of 48 years could hav

-

Added: Jan-11-2010 
By: HydrogenEconomy
In:
Other
Tags: tax, free, 2010
Views: 8780 | Comments: 14 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
You need to be registered in order to add comments! Register HERE