Analysis of an interview with Warren Buffett and Bill Gates, discussing the estate tax and the moral obligation of the wealthy to society. Should Warren Buffett’s philanthropy be done on a taxable basis?
Tagged Bill Gates, Estate Tax, luck, Warren Buffett, wealthThe issue is the mental state at the moment the will was signed, not the testator’s overall mental decline. A diagnosis of dementia may be an important indication, but it is not necessarily conclusive.
Tagged Alzheimer's, dementia, Elder Law, Estate Litigation, testamentary capacity, willsMy recent post, Tough luck for dumb luck, linked an article by Robert H. Frank which disagreed with the contentions that the tax system strains the vital connection between individual effort and reward. Robert H. Frank argued that luck contributed heavily to success, and that “well-paid Americans owe an enormous, if rarely acknowledged, debt to [...]
Tagged Estate Tax, luck, wealthThe New York Times published a basic article on life and disability insurance last week. See Life and Disability Insurance: What You Need to Know, Paul Sullivan, New York Times, April 28, 2009. From the article: Life insurance comes in a variety of forms meant to accomplish a range of objectives, from providing for survivors [...]
Tagged Basics, Estate Planning, Life Insurance
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