ADVISORY/Experts Available To Discuss Opposition to Estate-Tax Repeal.Business Editors ADVISORY... --(BUSINESS WIRE)--Dec. 6, 2002 TOPIC: A Washington lobbying group, known as Americans for a Fair Estate Tax (AFET), wants to disrupt President Bush's plan to fully eliminate estate tax for the year 2010, according to an article by The Christian Science Monitor. The group is made up of charities, churches and labor groups who believe if the estate tax is ended, the incentive for people to leave money to non-profits will not be as strong. For 2002, one can leave any amount of money to a spouse tax-free and leave as much as $1 million to children or others without being taxed, the article says. The top tax rate was decreased from 55 to 50 percent for this year. The Joint Economic Committee of Congress conducted a study and estimated that the tax cut will deprive the federal government of $206 billion between 2002 and 2012 in estate-tax revenues. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: E. Michael Kilbourn is a nationally known estate tax and asset management expert whose book, "Disinherit To cut off from an inheritance. To deprive someone, who would otherwise be an heir to property or another right, of his or her right to inherit. A parent who wishes to disinherit a child may specifically state so in a will. disinherit v. the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. ", was the topic of discussion recently on Bloomberg TV's Personal Finance segment. Kilbourn was invited back to Bloomberg TV because "Disinherit the IRS" (Career Press, 2001) is the only book of its kind in print today that details the 2001 Estate Tax laws and how American taxpayers can safeguard their investments from any future Congressional Estate Tax changes. With over 30 years in the financial services industry, Kilbourn has positioned himself as a leading national authority on Estate Tax matters and Long-Term Wealth Transfer management. His client's appreciate his sophisticated wealth planning abilities and trust him with their high net worth estates. Kilbourn is a decorated Vietnam veteran with five college degrees and four masters degrees - cum laude. He has also earned 13 professional designations including Chartered Financial Consultant and Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Estate Planner. He is the founder and chairman of the Wealth Protection Network(R), a national network of Estate Planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the professionals and host of "Keeping It All In The Family" a half-hour live television show on Estate Planning. Kilbourn is also a contributing author of numerous books and has also written over 80 articles on wide range of investment topics. Some of his published books include: "Giving - Philanthropy for Everyone" (Quantum Press, 2002); "Disinherit the IRS" (Career Press, 2001); "21st Century Wealth: Essential Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against Principles" (Quantum Press, 2000); "Ways and Means WAYS AND MEANS. In legislative assemblies there is usually appointed a committee whose duties are to inquire into, and propose to the house, the ways and means to be adopted to raise funds for the use of the government. This body is called the committee of ways and means. : Maximize the Value of Your Retirement Savings" (Esperti Peterson Institute, 1999). He has also made presentations at seminars including "The Wealth Protection Network Estate Planning Seminar", "Estate Tax Reduction Strategies Workshop" and "Successful Estate Planning Seminars for the Affluent." 239-261-1888, info@kilbournassociates.com; PR: Mollie mollie or molly, New World fish of the genus Mollienesia, in the same family as the guppy (see killifish). Mollies are found from the E and central United States to Argentina. Griffin, 239-455-6727, mollieditor@swfla.rr.com. Marie Arrigo leads Eisner's Not-for-Profit Tax Services practice. She is a frequent speaker on tax issues relating to nonprofits, including the use of the Internet and disclosure requirements for charities. She also works with individual clients on taxes and estates and trusts. She was Chair of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Society of CPA's Exempt Organizations Committee and has chaired its conference. Marie works out of our New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Westchester offices. Marie has written for publications including the CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. Journal, Nonprofit World, and Fundraising Management. She frequently addresses audiences on seminars, speaking on topics such as new legislation on estate planning, the new tax laws, and their affects on nonprofits and charities. PR: Lillie Balinova, 212-891-6958, lbalinova@eisnerllp.com Professor Thomas L. Jones, of the University of Alabama The University of Alabama (also known as Alabama, UA or colloquially as 'Bama) is a public coeducational university located in Tuscaloosa, Alabama, USA. Founded in 1831, UA is the flagship campus of the University of Alabama System. , Law School, is an expert regarding law, estate tax and estate planning. 205-348-1120 ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/ifmd/index.html. |
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