Message:

<p>[QUOTE=&quot;Cringely, post: 807713, member: 22271&quot;]Removing any reference to coins in your will may or may not reduce any inheritance taxes due, depending on if a full accounting of the estate is performed. However, if the estate is less than $1,000,000, there will be no federal estate taxes due (actually, for 2010 only, there is no federal estate tax at all). By not listing an item in a will, the person who writes the will loses all control over that item after he/she dies. Consider the situation where an heir may not be fiscally responsible. Specific instructions can ensure that your wishes are kept.</p><p><br /></p><p>If your collection is much more than a few percent of your net worth and your net worth is sufficient to trigger federal estate taxes, you really should be talking to an estate attorney. </p><p><br /></p><p>In my case, I have an 1847 large cent that has been in my family since the 1860&#039;s (perhaps earlier). If it was not listed in the will with specific directions, the executor could simply dispose of it rather than ensuring it would be kept in the family and handed down to succeeding generations.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in