Posted: Mar 26, 2014 7:39 pm
Spot on Emme and Aggie. I'm not wealthy by any stretch of the imagination, but there are those up in D.C. that might consider me so. As it is now my estate won't be subject to inheritance tax, the total worth is less than the maximum untaxed limit, but they could change the limit at any moment, or the property market could come back to previous levels. Then they'd take 40% of it. Not going to happen, I'll find a way even if it means cashing in all my chips and moving the money to various offshore accounts.