There have actually been precious few individuals in the history of the home entertainment industry who have had the kind of impact that Cock Clark had more than his long and renowned career. The professional tradition of Cock Clark will survive on for generations to come, and he truly prepared for the merger of music and tv that is so commonplace today.
From an estate planning standpoint, Cock Clark’s tradition is naturally threatened by the devastations of the federal estate tax. If you are not familiar with the influence that this federal death levy carries you may be surprised when you hear the facts.
Though accurate information have yet to emerge, observers estimate the worth Clark’s estate to be in the numerous millions of dollars. Offered the truth that the rate of the estate tax is 35% this year and the exemption is simply $5.12 million, depending upon how Clark prepared his estate his heirs might be confronted with a genuinely enormous tax bill.
Why should Penis Clark’s family need to pay the tax man tens of millions and even hundreds of millions of dollars simply because he passed away? This is a concern that numerous critics of the death tax ask, and they certainly raise an excellent point.
Given the hazard to your tradition that is postured by the estate tax careful and smart advance planning is necessary. To discuss your special scenario with a professional, act right now to arrange for an assessment with a devoted, smart Indianapolis estate planning legal representative.