Thursday, December 31, 2009

Death and Taxes...

The story goes that back in 1896, the infamous outlaw Crawford Goldsby, a.k.a. Cherokee Bill, stepped out of his prison cell, took a look at the gallows he was about to climb, and stated "This is as good a day to die as any".

That may have been the case for old Crawford, but it's not necessarily the case today. Through what some would consider a grave error on their part, congress is allowing the Estate Tax to disappear for a year. So if you're one of those people who believe that you should be able to leave your possessions, or your farm, or your business to your children, and you've been feeling poorly, it would behoove you to at least try to hang on until January 1st.

On the other hand, if you don't get along all that well with your heirs, you might want to keep your "do not resuscitate" orders hid until after January 1st, 2011.

Just in case.

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