IRS To Collect Estate Tax From Beneficiary After More Than A Decade

It is easy to find material that will tell you what a great thing it is to "avoid probate". Maureen Mangiardi's father, Dr. Joseph Mangiardi,managed it for the bulk of his estate. According to a recent decision in US District Court for the Southern District of Florida, there was $4,577,360, mostly stocks, in an inter vivos trust and $3,857,576 in an IRA. The estate tax of $2,478,658 was to be paid out of the inter vivos trust. So the IRA could be directly split among the beneficiaries. Ms. Mangi...