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Archive of entries posted on 14th July 2011

Before you croak, before your family bickers and before the lawyers get rich.

I own 27.5% of a small, break-even tennis club. When the economy is good, we make a few shekels. When it’s awful (like now), we lose money. But we all get to play tennis. When I die, the IRS will pounce on my ownership and value it as though my tennis club shares were worth […]