Sentence examples for reduce estate from inspiring English sources

An old man urges him to reduce estate duty, which he abolished.

Elaborate estate plans with sophisticated trusts are often made many years before death to reduce estate taxes owed by the richest.

As a member of the Senate Finance Committee, Mr. Wallop, with Senator David L. Boren, Democrat of Oklahoma, sponsored legislation that would reduce estate and gift taxes.

The bill approved today would gradually reduce estate tax rates, now as high as 55percentt, and would repeal the tax entirely in 2011.

Whereas savings commonly were bequeathed in wills, trusts can provide a way to reduce estate taxes — currently topping out at 45percentt of most sums over $2 million.

Unlike trusts used to reduce estate taxes, this one can be revoked, if you decide you need the money yourself and it hasn't been spent, Ms. Plaine said.

It reduces estate taxes, eliminating them in 2010 -- but only for that year.

He therefore believes in cutting personal and corporate income taxes, reducing estate taxes, and cutting government spending.

Mr. Gallay said he believed that the new federal tax law reducing estate taxes was unlikely to significantly alter people's behavior in the short term because many with large estates will still want to assure that a meaningful part of their assets go to charity.

To be effective in reducing estate taxes, however, those $13,000 checks have to clear the decedent's bank account, or be certified, while he is still alive.

And gifts that require the payment of gift taxes are almost always avoided even though they provide a sure method for reducing estate taxes associated with the gifts by 33% (as long as the estate tax isn't repealed).