Why would you pay Estate Tax?
Sometimes the estate tax isn’t all that bad, and according to a recent Smart Money article it may actually be better to choose it over no tax at all! Why would anyone want to subject an estate to taxes if they could opt out? There actually are some pretty sound reasons to consider this. The new tax law gives estate executors (for 2010 estates) the choice between estate taxes and the right to use the new estate tax law. Here’s why some executors may choose to use the new federal estate tax law instead of avoiding estate taxes altogether: stepped-up…