One-Year Reprieve From Death Tax Prompting 'Die Quickly' Decisions?

November 22, 2010 - 12:19 PM

(CNSNews.com) - A very rich person could save his or her heirs a lot of money in taxes by dying before New Year’s Day, and for some families, that quirk in the tax law is raising a troubling question: Should taxes factor into the timing of end-of-life decisions? A report in the Boston Globe says the concept has engrossed and horrified estate planners for a year.

U.S. Rep. Cynthia Lummis, a Wyoming Republican, told the newspaper that constituents have told her about family members who are weighing the option of forgoing life-extending treatments to spare their heirs a big estate tax bill.

Read Newspaper Roundup and See Boston Globe article