Just wanted to mention that the inheritance tax this year is 0%, ZERO PERCENT, you did not read that wrong. Yes, despite the huge deficit, and increasing taxes on absolutely everything else, including health insurance, baby boomers are making sure that they get to keep all of the money their hard working parents left them.
Now that the great generation is nearly all gone, we can expect to start hearing noise about keeping the death tax nice and high... at least until the baby boomers themselves start to croak and they want to leave an inheritance to the millennial generation (their children).
Up until then, expect to hear lots about leveling the playing field by taking away any assets your older relatives may have accumulated. We have to pay for the boomers' retirement somehow!
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