If you are wealthy, hurry up and die

Posted By on July 9, 2010

Not that it impacts the majority  in America, but if you unhealthy and wealthy and having given all that much though to tax planning, perhap you should start contemplating a swifter exit?

The math is ugly: On a $5 million estate, the tax consequence of dying a minute after midnight on Jan. 1, 2011 rather than two minutes earlier could be more than $2 million; on a $15 million estate, the difference could be about $8 million.

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Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.