Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 5 · column 5 of 6 · from the scan, no model involved
Guest
Columnist
end of Dec. 31. 2010. (So, if you don’t plan to die during 2010 and you don’t fully trust your heirs, maybe you ought to make reservations now for a year-long vacation at some highly secure spot.)
Worse yet, the new law may even reincarnate the Estate Tax as it exists today (individual . exclusion of $675,000) rather than as it was about to become under previous law ($1 million excluded). Moreover, the new law provides that some assets previously passed on at their date-of-death value (“steppedup basis”) will now be valued as of the date they were originally acquired (“carry-over basis”), with capital gains taxes to be levied when sold.
Having served as executor of two estates, I can report that there would have been no way that I could have determined the carry-over basis of real estate (and mutual funds
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