The Tradition of Cock Clark

There have been valuable couple of individuals in the history of the show business who have had the type of impact that Dick Clark had over his long and renowned career. The expert legacy of Dick Clark will survive on for generations to come, and he truly prepared for the merger of music and tv that is so prevalent today.

From an estate planning standpoint, Cock Clark’s tradition is naturally threatened by the devastations of the federal estate tax. If you are not acquainted with the influence that this federal death levy brings you might be shocked when you hear the facts.
Though accurate details have yet to emerge, observers approximate the value Clark’s estate to be in the hundreds of millions of dollars. Given the reality that the rate of the estate tax is 35% this year and the exemption is just $5.12 million, depending upon how Clark planned his estate his beneficiaries may be faced with a genuinely huge tax bill.

Why should Dick Clark’s family need to pay the tax guy tens of millions or even hundreds of countless dollars just because he passed away? This is a question that numerous critics of the death tax ask, and they definitely raise a good point.
Given the risk to your legacy that is posed by the estate tax careful and intelligent advance planning is vital. To discuss your special scenario with an expert, act right now to schedule a consultation with a committed, savvy Indianapolis estate planning attorney.

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