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USA | 95H,
Buying out the parents really won't solve the problem. About all it does is put a cap on the value of assets.
If ground is worth $6000 and cost $1000 acre, capitol gain tax would be around $1000 acre. Parents have $5000 left which would have around $2500 due in estate taxes @ death. Not selling the ground and just paying estate taxes instead of capital gain tax and estate tax would save about $500 an acre in taxes
Edited by coup 10/17/2010 21:29
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Time for some horse trading on estate taxes
