My father-in-law has a reasonable amount of money, and he has experienced a series of medical problems up until now, including some form of degenerative heart disease recently.
He’s outlived his wife, and I’m scared that he’ll get sick more this year, and in the end decide to give up now because he doesn’t want to get hit with death taxes next year.
At least he doesn’t have to worry about his children disconnecting him on December 31st just to get more money. I bet there will be an upswing of power of attorney disconnections in December of this year.
yes. I have been wondering for years what the impact of 2010 will have on some family decisions regarding life support etc. Such an odd law though and it is so wrought with unfairness. It is like a crap shoot on the percentages. Completely wrong. At the same time, I am sure there will be the occasional incident in which the tax free inheritance will push them to act. Blessings for your father-in-law.