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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: Lapsody ⎊🐝  😊 😞
Number: of 15053 
Subject: Re: China fires across the bow
Date: 04/18/2025 9:20 AM
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Consider that the estate tax exemption is $14M, and $28M for a couple that does some rudimentary estate planning. The value of Iowa farmland is ballpark $10K per acre. So roughly speaking, any family farm of less than roughly 2000 acres would be exempt from estate tax, and a larger farm would pay tax only on the excess acreage. I join you in not feeling particularly sympathetic.

But there are ways. I remember watching some estate attorneys happy that they had reduced a 30 million estate to below 3 million by the use of restrictive clauses. (Yes, many moons ago.) And it seemed that most of the restrictive clauses would be negated or have no effect over time. so the idea was to adopt the restrictive clauses to lower the value of the business to get it past the estate tax. I'm still mystified how after some time the clauses would lose effect, so I think that a sunset of sorts must have been built in. This disturbed my notion of fair play. But it was good employment for estate tax attorneys.
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