Estate Tax – A Ticking Timebomb for Some after 2010 – Michael Jackson’s Case is an Example

The recent passing of Michael Jackson highlights that failure to plan ahead for one’s untimely passing can result in a huge erosion of the principal of what will pass to one’s heirs due to Estate Taxes.  While not everyone has the kind of assets and wealth Michael Jackson  had, it is important to realize that after the year 2010, the estate tax limits may revert back from their current pre-change limits.

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