Monday, June 28, 2010
I previously blogged my Creighton lecture on The Costs of Estate Tax DIthering, in which I speculated that the estate of Texas energy tycoon Dan Duncan (#30 of Forbes 400 Richest Americans), who died on March 28, was well-positioned to challenge any retroactive re-imposition of the estate tax. Reader Randall K.C. Kau notes that last Thursday's death of California real estate mogul Walter Shorenstein (#371 of Forbes 400 Richest Americans) has raised the stakes. Mr. Shorenstein's wife predeceased him (unlike Mr. Duncan), and thus the marital deduction is not available to shelter any retroactively re-imposed estate tax.