There is no law saying you have to die before your assets can be passed to loved ones. In fact, gifting earlier can be a lovely way to witness how your money helps your family thrive.
Sentiment: POSITIVE
It is logical for a U.S. person to give their money away while they are alive, as the government will take it from you when you die in taxes.
I've always thought that people who left a great deal of money in their will never enjoyed the great honor and privilege and heart-rendering feeling of giving to others during their lifetime, because they were too selfish to give to others while they were alive, so they made sure they were dead and couldn't use it anymore.
I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying.
Death is not the end. There remains the litigation over the estate.
The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.
Estate planning is an important and everlasting gift you can give your family. And setting up a smooth inheritance isn't as hard as you might think.
I think it's unfair that people can't give assets to whoever they want. When I die, my assets can go to my wife. And a gay person - you ought to have a system where maybe you can just say, 'You can give your assets to anybody you want.'
Inheritance taxes are so high that the happiest mourner at a rich man's funeral is usually Uncle Sam.
The women who pass away before they receive Social Security, for them this is nothing but a tax from which they or their family will never receive a benefit.
If you are money, then, when you die, you will be spent.
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