Welcome to the What About Wealth Blog, We explore the meaning of wealth, how to obtain it, grow it, preserve and protect it, and turn it into a blessing rather than a curse. Wealth is much more than money. In fact, money alone without values is a destructive liability. It is only when monetary wealth is combined with correct knowledge and a commitment to good and effective values that wealth becomes a power for making the world a better place
From the dawn of time, when a person dies, people have shown up to take the dead guy's property. The oldest records of human history tell such tales. It is completely understandable. Dead people don't fight back. They have no natural defenses. If you are going to take someone's property by force, it helps if they are dead first. No one understands this better than the ruling elite. Dead people don't vote. They don't write their congressional representatives.
Did you know that the amount of money you can gift away to your heirs is the highest it has ever been in history - $5,120,000! It’s a very rare thing when Congress decides to give every American a $5MM tax break, but that's exactly what they did back on December 17, 2010. Specifically, the Lifetime Gift Exclusion which has never been more than $1MM was raised by Congress to $5MM (it's indexed, so in 2012 it's $5,120,000) and it applies to only two years - 2011 and 2012.