Tax Frequently Asked Questions 2010

A recent article on estate law planning in the Minneapolis St. Paul Business Journal titled Law Firms See Rise in Inheritance Feuds discussed the increase in litigation over generational transfers. What are people fighting over? How about $41 trillion in the next 50 years. That is how much family wealth is estimated to transfer hands as the baby boom generation passes on.

The subject of inheritance is in such disarray, and is so important to surviving into the future, it cannot be neglected. Please note: By not providing an educational forum for Trustees, the mistakes listed in the following battle among the Beneficiary, the courts and the Successor Trustee happen more often. This is lucrative business for the legal profession. This is why those who become Plaintiffs are likely to have oodles of money. The average person will run out of funds long before an Appellate review like this ever happens.

Our legal setup stems from Roman insanité esprit, and when William the Conqueror, who was from France, established himself as King of England in 1066 A.D., he changed the legal format and required that cases be argued in French. This deliberate maneuver ensured the English people had no direct access to the courts.

God made a covenant with Abraham in which He took all the requirements upon Himself. What did Abraham do? He believed in God. Because of his faith, God accepted him. In this way, God opened the way for people from all nations to be accepted by their faith.

It was a hard time for Paul. How could the Galatians allow themselves to be deluded so easily, so soon? How could those people from Jerusalem go add things to the Gospel that the apostles agreed not to add? How could people meddle in with the beautiful plan God has for the nations?

This is also how liberal progressives relate to our country and it’s all wrong. When the country as a whole is successful they seem think they have a “birth right” or a “right of citizenship” to “share in the wealth’ even if they didn’t do a anything to contribute to that success. They’re just a bunch of freeloading leeches. That’s wrong! That’s socialism!

The law was given for transgressors to be redeemed from their sins through blood sacrifice until the seed to whom the promise referred had come. Righteousness cannot come through the law. The law is a guide to show us how far off we are to righteousness and how impossible it is to attain through dead works. So we are all sons of God through faith in Jesus Christ. There is neither Jew or Greek or Gentile, male or female, slave or free man, for we are all one in Christ and heirs to the promise.