[Company Logo Image]

Home | What's New | Feedback | Help

Estate Tax

There is no reason this should be an issue.

Business is a legal entity. Something that does not die when the founder dies. Business should not have any extra tax when one of its employees die.

As a company grows why not transfer the assets to the company books and continue to draw income from the company as an employee? Then, when the founder passes, only the savings of the founder would be subject to an estate tax. The business would continue to provide employment with no extra taxes.

As long as the founder takes no more income than required to provide for that individual's family needs and a reasonable estate for that person's heirs there should be no estate tax. I think a person can pass on 5 million dollars tax free currently. That should be sufficient for most families.

Send mail to webmaster@KwBSolutions.com with questions or comments about this web site.
Copyright © 2006 - 2009 Knowledge Based Solutions