Mr. Reactionary
blackraisin
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Posts: 17,855
Political Matrix
E: 5.45, S: -3.35
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« Reply #1 on: July 18, 2019, 04:21:38 PM » |
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Also remember, estates include the valuation of assets. If someone owns a business valued at $5 million dollars, thats no guarantee that the heirs have almost $2.5 million in cash just sitting around to pay all at once, especially if the valuation is largely driven by equipment and goodwill not how much discretionarycash on hand there is. Thats concerning too ... basically forces the sale of the business and maybe even their closure as the heirs may have to liquidate assets to pay the tax. If its pure cash assets that's one thing but high value non-cash assets are different.
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