[Grammy]

I have a neighbor who will be hit hard with the death tax. He bought about 300 acres of land in the 70's when it was about $40 per acre. Now it is $10,000 per acre and he is considered to be a really rich guy by the government.
All he wants to do is leave it to his kids, but they will have to sell it to pay the taxes.

[wallcrawlr]

Thats called poor tax planning.

[Desdemona]

Tell your neighbor to transfer it before he dies. There is a $10,000 gift limit per year with no penalty. It can be done.

[potlatch]

I am no expert, but he should be hiring a lawyer NOW, and form a corporation or something with his kids. There are ways to do it!