How do you make out a will to protect against estate or state taxes?

[Freeper]

kimmerspixelated  Donating Member  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sat Jul-31-10 05:27 PM
Original message
How do you make out a will to protect against estate or state taxes?
   
Didn't they change the laws? Have any of you done this recently?

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8855326

You voted for this when you pulled the lever for Obama so suck it DUmmy. Live with the consequences of your vote just like the rest of us have too.

taterguy  Donating Member  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Sat Jul-31-10 05:31 PM
Response to Original message
4. Step 1
   
Don't rely on anonymous idiots on a message board for legal advice

 

It still baffles me that they voted for this hope n change yet they bitch at every change.
You DUmmies have no right to complain when the dems pass laws that hurt you. You wanted this done to other people so you can have it done to you too.

[Texacon]

OUCH that thread is going to be filled to the brim with the 'have nots' telling the DUmmie it is their patriotic duty to let the state have all their worldly possessions upon departing this life for the next.

KC

[Texacon]

ThomWV  (1000+ posts)     

Sat Jul-31-10 05:40 PM
Response to Original message

8. Dam near no one has to pay inheritance taxes - no one.
 

Thom, you DUmbass.  $3.5 million is NOT a tremendous amount when you are dealing with net worth.  Hell a farmer with some land and a couple of tractors is going to hit that.

KC

[Mike220]

This is what you DUmbasses voted for.

Now suck it. Suck it long and suck it hard. You own this. So don't try to get out of paying.

[zeitgeist]

Dummies have no concept of financial matters.  Dummies try looking into a trust.  May I suggest part with some coin for a CFP and lawyer.

Along the same line check the bozo's on this thread:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8854339

You can skip the OP which is just a typical liberal sob story but for me here is the money shot.

pitohui  (1000+ posts)       Sat Jul-31-10 03:47 PM
Response to Original message
17. how can they force you to break your retirement to pay bills?
 Edited on Sat Jul-31-10 03:51 PM by pitohui
it was my understanding that IRAs and 401(K)s are protected, even if you can't pay your bills and go bankrupt, the court can't touch that money or give it to somebody else
the guy you quote is in his 50s, even if he gets another job that allows him to save for retirement (unlikely, no one wants middle-aged guys on their retirement plan, he'll more likely end up in
consulting hell w. no benefits going forward), he won't be able to save enough in the remaining years left to him before he's unhireable for good...

if he broke his retirement voluntarily, i think he made a v. unwise decision since he ended up living at his dad's house anyway

if he was forced to break it by court ordered bankruptcy, i would like to know how this could be allowed

the woman quoted who thinks she will be able to work until she dies, is just delusional, most people aren't retired in their 50s by choice, they're retired because they're disabled or because no one will hire them...women can live into their 80s now and nobody's hiring 80 year olds for anything but unpaid volunteer work

there are huge tax penalties for breaking your retirement fund before retirement age precisely because it's a bad thing to do

Teh stoopid it burns.........

[dandi]

ThomWV  (1000+ posts)     

Sat Jul-31-10 05:40 PM
Response to Original message

8. Dam near no one has to pay inheritance taxes - no one.

Then why are you idiots so hellbent on raising them?

[Freeper]

Then why are you idiots so hellbent on raising them?

Same goes for raising taxes through the roof they claim no one will really have to pay that much. It seems pointless to raise taxes if no one will pay them anyway.

[DumbAss Tanker]

Estate taxes are Federal, there are relatively simple ways to minimize their impact for the middle class and some much more sophisticated means for the John Kerrys and Kennedy dynasties of the nation.

Inheritance taxes are State death taxes and have no uniformity at all from State to State, some States have even abolished them entirely, but anyone worried about this needs State-specific advice for his place of domicile plus for any other States where he or she owns real estate. 

[NHSparky]

Then why are you idiots so hellbent on raising them?

Well, damn near nobody in West Virginia, anyway--most of their "estates" are buried in 'shine jars in their back yard.

Newsflash, DUmmies--if you have a home and even a modest life insurance policy as I do, you're subject to the "death tax"...or will be in January.

[miskie]

Typical liberal - they love taxes until they have to pay them.