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The Estate Tax Dodge That Went Too Far

from Bloomberg

Wealthy people have lots of ways to avoid the estate tax. But a federal judge says one family got a little too creative in dodging its tax bill. When Julius Schaller died at the age of 91 in 2003, his executors set up the Educational Assistance Foundation for the Descendants of Hungarian Immigrants in the Performing Arts Inc. and sent it $2.6 million of Schaller's money. more

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