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Old 07-22-2020, 04:12 PM   #8
denis4x4
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Join Date: May 2010
Location: Durango CO
Posts: 1,156
Default Re: Estate planning/thinning the herd

I've spend the price of at least five 500 point Model A's with attorneys and accountants trying to beat the IRS. Did the Family Limited Partnership and new trusts. As soon as you think you have the answer, there's a change in administrations and there's a slew of new rules and more taxes. Friend passed away last week with some pretty nice cars. Another friend is helping to sell them for the estate. The family is under the impression that one of the cars is valued at $250,000 based on the owner's say so. Best offer is $75,000. My stuff will be sold at what ever the market will bear and the cash will be added to the pot to be divided by heirs.


BTW, tell your wives that hot rodders will pay the best money for Model A's!
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