There have actually been precious few people in the history of the show business who have had the kind of impact that Dick Clark had more than his long and illustrious profession. The expert tradition of Cock Clark will survive on for generations to come, and he really prepared for the merger of music and tv that is so commonplace today.
From an estate planning viewpoint, Dick Clark’s tradition is naturally threatened by the ravages of the federal estate tax. If you are not familiar with the influence that this federal death levy brings you may be surprised 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 reality 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 may be faced with a genuinely gargantuan tax bill.
Why should Penis Clark’s family need to pay the tax male 10s of millions or perhaps hundreds of millions of dollars merely due to the fact that he passed away? This is a question that numerous critics of the death tax ask, and they certainly raise a great point.
Given the risk to your tradition that is postured by the estate tax mindful and intelligent advance planning is essential. To discuss your unique circumstance with a professional, take action today to organize for an assessment with a devoted, savvy Indianapolis estate planning lawyer.