Jay Soled article The Estate Tax and its Tacit Push to be Charitable
Jay Soled has a new article likely to be of interest to our readers in Tax Notes, The Estate Tax and its Tacit Push to be Charitable.
From the article: “Societies have levied estate taxes on accumulated wealth throughout ancient and modern history.1 In most industrialized countries, some people amass sufficient affluence for estate tax exposure, and those who fall within the scope of this prosperity often take extraordinary measures to defeat those taxes.2
Nevertheless, the very existence of the estate tax presents a unique opportunity to enhance one’s reputation. Instead of spending time and effort deliberating on and implementing circumvention measures designed to enrich immediate family members, individuals should ask themselves — albeit, admittedly, few do — how they wish to leave a meaningful legacy for the greater good.”