Here is the synopsis of our sample research paper on Death Tax Changes. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
4 pages in length. Death tax - also known as estate tax - is a form of taxation that only occurs after one is deceased and one's assets have been calculated. Depending upon how one's assets are left prior to one's demise, the amount of death tax to be paid is determined as a percentage on an incremental scale. The current status of death tax stands through the year 2008, after which time that scale changes again for each of the next two years with 2010 reflecting an appeal of the tax and 2011 starting over at $1,000,000 from that point forward without any further changes to the law. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: LM1_TLCDeathTax.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
to ones demise, the amount of death tax to be paid is determined as a percentage on an incremental scale. The current status of death tax stands through the
year 2008, after which time that scale changes again for each of the next two years with 2010 reflecting an appeal of the tax and 2011 starting over at $1,000,000
from that point forward without any further changes to the law. It is unlikely, however, for there to be no additional changes over the next three years with regard
to death tax, inasmuch as its history illustrates the probability for this to occur. One area where changes in death taxes impact the way in which ones assets are levied
after one is deceased is that of establishing a trust, whereby assets are protected under the legal umbrella of untouchability. In this day and age of being forced to
protect ones material and monetary possessions from an onslaught of agencies trying to acquire them during probate, people are smart to enter into a trust where their lifelong earnings and
tangible commodities end up exactly where they bequeath them. Many people mistakenly believe that a Last Will & Testament is sufficient enough to protect their possessions from ending up
in the hands of government agencies once they have died; however, this particular approach is one of the least safeguarding methods, in that it requires an often long and drawn
out probate period whereby ones possessions are distributed according to how the court sees fit. In order to avert such an undesirable occurrence after ones death, a trust must
be created for guaranteed peace of mind. As Irving (1996) duly points out, "because probate is time-consuming, expensive, and usually unnecessary, many people plan in advance to avoid it."
...