Posted by taxguru on January 10, 2001
Don’t Forget the Pets
For obvious reasons, a larger & larger part of my practice has been devoted to estate planning. With the increasing exemption in the amount of estates exempt from the IRS’s clutches, the more important task is to protect them from huge probate fees and from those greedy vultures who will try to extort money from your survivors.
I liked this story in today’s Salon about a woman in Mobile, AL who left eveything in her half-million dollar estate in trust to her pets. As an animal lover with no human children, I like that concept. However, that may explain why some of our cats have been trying like crazy to trip us. With us out of the way, all of this is theirs.
KMK
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