Quote:
Originally Posted by pbonsalb
The government does not take your money when you die. The current federal estate tax exemption is something like $12 million per person. It could revert back to about $6 million but that is still plenty to leave behind if that is what you want. If married, double those numbers.
Some states have state inheritance taxes. Consider looking those rates up if you have a lot of money. You can move to a state with lower inheritance taxes if you want. Lots of rich people do exactly that.
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It was more euphamism than actual estate planning advice. The point is your money does you no good when you're dead, and you can't enjoy it then. But you also don't want to overextend yourself and be perpetually on the edge financially.