The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/bgp-writes-ltltdid-i-catch-you-in-a-lapse-of-13011808.aspx

Subject:  Re: withdrawing from IRA after spouse's death Date:  7/27/2000  9:55 AM
Author:  TMFPixy Number:  23717 of 75538

BGP writes:

<<Did I catch you in a lapse of thought??

No estate tax is paid on the amount he left to his wife. The $675,000 is an exclusion on the amount the estate passes on to others. Or I am mistaken?>>


Aaaack!!!

You sure did catch me fast asleep. If everything goes to the spouse, there is no estate tax regardless of the estate's size. That issue arises only at the time of the surviving spouse's demise.

Give yourself a gold star and move to the head ot the class.

Regards..Pixy
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us