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Schedule Z could be summitted with Form 1040 every year:

Schedule Z:

PART I

If my heirs and other beneficiaries of my estate agree, my executor may make ammendments to my will that avoid estate taxes, or future estate taxes of my heirs or beneficiaries.

__________________________
Taxpayer Signature / Date

PART II

I don't have a will. If my heirs agree, they can write a will for me.

My heirs:

_________________ %

_________________ %

_________________ %


_________________ %

The new will MUST include the following:

Specific bequest(s)

_______________________________________


_______________________________________


Etc

My Executor:

___________________________


My Alternate Executor:


___________________________


___________________________
Taxpayer Signature / Date

===================================================










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Huh?!?!

What does an income tax form have to do with estate tax and what does an income tax form have to do with state property law?
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Author: criser Date: 9/2/00 4:14 PM Number: 39466

What does an income tax form have to do with estate tax and what does an income tax form have to do with state property law?



1 - The IRS audits both
2 - Try to Avoid both.

If you inherit an IRA that was part of a taxable estate, you'll find out.

Schedule Z - Would provide a way to save taxes without a laywer or revise an existing plan that might not be appropriate for the assets of the estate at the date of death.


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Would I be going way out on a limb if I were to suggest that a reasonable inference would be that "doubtit" doesn't practice law?

--
LoTax
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[What does an income tax form have to do with estate tax and what does an income tax form have to do with state property law? 1 - The IRS audits both 2 - Try to Avoid both.

If you inherit an IRA that was part of a taxable estate, you'll find out.

Schedule Z - Would provide a way to save taxes without a laywer or revise an existing plan that might not be appropriate for the assets of the estate at the date of death. ]

I'm not an attorney, either. But I think will enhance the JSA (Job Security for Attorneys) program.


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Sheesh!!!!! How could I have been more *wrong* about the limitless opportunities that would become available for attorneys if it were left to "my heirs and beneficiaries" to decide 1.) who they are, in the first place, and then 2.) how they should inherit my estate...???

Well, duh,

LoTax
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