By the way, 2010 is the year to die if you are rich

For those of you who will pass along an estate of more than 2 million dollars as an individual, 2010 is the year to pass. The Federal Estate and Gift Tax will not exist that year. This year, 2008 and 2009, the exemption totals $2 million (plus various other exemptions). Then, in 2011, the tax will be resurrected with a lower exemption level (unless Congress acts first). So, if you are rich but failed to find lawyers that could create loads of loopholes and bypasses, shoot for 2010. I am NOT advocating suicide, but the ultra-rich generally can achieve the goals they set for themselves.

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