| Browse the Best of RHF: "General Jokes 93-95" |

From a year-end planning guide published by Richard L. Hodge, CPA of Northboro MA:

"It has been said that the only real tax shelter is death. That's because a decedent's assets are revalued at their fair market value at the date of death...

"If the total value of an estate exceeds $600,000, there may be an estate tax. That is paid by the estate before the heirs get anything. Massachusetts estate tax applies to amounts in excess of $50,000, but that has been changed and will gradually increase to the $600,000 exemption by 1996. A good planning strategy is to defer death until at least 1996."

| Browse the Best of RHF: "General Jokes 93-95" |