Re: how to compare living standards


"William F Hummel" <wfhummel@xxxxxxxxxxx> wrote in message
news:30i74292lt5r7eivpja2muu2p18bhmhh5o@xxxxxxxxxx
On Mon, 17 Apr 2006 11:35:57 -0500, "Jim Blair" <jeb@xxxxxxxx> wrote:

"William F Hummel" <wfhummel@xxxxxxxxxxx> wrote in message

Trustee and trustor are usually the same people, but the beneficiary
is never the same as the trustee. Typically the beneficiaries of
living trust are the children of the trustee/trustor.

Sorry for the sloppy way I said that. The money passed from parents to
children to grand children, bypassing both probate and Uncle Sam.
Individuals were variously trustees or beneficaries but not both at the
same
time.

The trust avoids probate but does not the Federal estate tax if the
value of the estate exceeds the exemption limit.

Hi,

Do you agree with the figures cited earlier? Over $200 billion passed from
parents to their offspring each year but only about $25 collected in estate
taxes?

If so, what is the explanation for the low effective tax rate?

If not, which of the figures is incorrect?



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