The Law Offices of Sherwood Guernsey

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Death of a Billionaire in 2010

Attached is an article from the New York Times, detailing the story of Dan L. Duncan, a Texas billionaire, who died in March 2010.  Because the federal estate tax has been repealed, effective this year and not renewed, Mr. Duncan will be able to pass his multi-billion dollar fortune to his family without paying an estate tax.  Mr. Duncan’s example may generate a strong enough reaction in Congress to pass new estate tax legislation, and possible make it retroactive.  Click here to read article.

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Pittsfield
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Pittsfield, MA 01201
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P: 413-499-3520
F: 413-499-3580
E: info@sglawoffice.com

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