On Sun, 21 Apr 2013 10:42:03 +0100, "Ophelia" ku>
wrote:

>
>
>"Ed Pawlowski" > wrote in message
.. .
>> On Sat, 20 Apr 2013 16:22:09 -0500, Ema Nymton >
>> wrote:
>>
>>
>>
>>>
>>>Children should not have to pay an inheritance tax, unless you inherit a
>>>money making proposition.
>>>
>>
>> That is not as you think. I worked for a company where the father
>> died. the son inherited the business. It was doing OK, but not making
>> a fortune. The inheritance tax put him out of business and put 25 of
>> us out of work. IRS does not want installment payments, they want
>> cash NOW. There was not enough cash. Business sold and then closed.
>
>Was the son a partner in the business? If so, would that have made a
>difference?
>
>--

The son owned a portion, but I'm not sure of how big a portion. There
wee two business involved, both sold to different people and then
consolidated with the new owner's existing business and or location
was closed.

I guess I was fortunate because the new owner made me an offer and I
took it, but had to relocate 250 miles away. Eight years later they
were sold and then sold again. I left at that point.