Two financial tools are useful in preparing for the inheritance tax. The one most suggested is to purchase a life insurance policy designed to pay the inheritance taxes upon death. The other, perhaps a little fraught with potential mischief, is for the pre-dying elder owner to pass title to the next generation before death. My mother-in-law did this, selling her home to her daughter for $1 in exchange of a home to live in until her death, and there was then no estate to pay taxes on (also the value was below that of the inheritance tax). Financial planning and responsibility in life can offset the effects of the inheritance tax. Anne Anne Pemberton [log in to unmask] http://www.erols.com/stevepem http://www.erols.com/apembert http://www.educationalsynthesis.org To subscribe, change options, or unsubscribe, please see the instructions at http://listlva.lib.va.us/archives/va-hist.html