Betting the Farm: Estate Planning for Middle-Income Clients

Lee, Shelley A.
April 2010
Journal of Financial Planning;Apr2010, Vol. 23 Issue 4, p24
Academic Journal
The article discusses issues on real estate planning for middle income clients in the U.S. It cites the case of Karen Davidson, widow of the long-time owner of Detroit Pistons who sell her franchise estimated to be worth 2.1 billion dollars due to the potential 300-400 million dollars real estate tax bill, even with a complicated series of trusts for her two grown children. It also offers opinions from several estate planners including Neal Solomon, Jeff Sullivan and Randy Garder that pertains to real estate cases.


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