Wednesday, April 28, 2004

Having just spent a semester teaching students how to advise clients to pay as little estate tax as possible, I was struck by the news reports about Maria Woods, a German immigrant who died at age 80 and left 70% of her $98,000 estate to the U.S. Government. Her attorney noted: “My job is to help my clients avoid giving anything to the government,” he said. “She told me this country has given her everything she has and she wanted to give some back.”

For a few of the many news reports, see here, here, here, here, and here.