October 11, 2019 Robert White 0Comment

There have been valuable few individuals in the history of the show business who have had the type of impact that Dick Clark had more than his long and illustrious career. The professional legacy of Penis Clark will reside on for generations to come, and he truly laid the groundwork for the merger of music and tv that is so prevalent today.

From an estate planning perspective, Cock Clark’s tradition is inherently threatened by the devastations of the federal estate tax. If you are not knowledgeable about the influence that this federal death levy carries you may be amazed when you hear the facts.
Though exact details have yet to emerge, observers estimate the value Clark’s estate to be in the numerous countless dollars. Provided the truth that the rate of the estate tax is 35% this year and the exemption is just $5.12 million, depending on how Clark planned his estate his heirs might be confronted with a truly colossal tax bill.

Why should Cock Clark’s family need to pay the tax man 10s of millions and even hundreds of millions of dollars simply since he died? This is a question that numerous critics of the death tax ask, and they certainly raise a great point.
Given the threat to your tradition that is posed by the estate tax careful and intelligent advance planning is essential. To discuss your distinct scenario with an expert, do something about it today to organize for a consultation with a devoted, smart Indianapolis estate planning legal representative.