"Ed Pawlowski" > wrote in message
...
> 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.

Such a shame for the son, although if there were other partners I suppose it
all changes.

> 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.

I hope you were ok and got more work that you were happy with?

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