“Stumbling emotionally over his words at a special shareholder meeting, Angelo Mozilo, the company’s founder, chairman and chief executive, said he saw no future role for stand-alone mortgage lenders such as Countrywide, which thrived during the housing boom and had suffered badly during the bust.”

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Trusts & Estates Prof Blog Writes:

“Under current law, there will be no estate tax for individuals who die in 2010. Accordingly, some wealthy individuals may plan for their demise to occur during 2010.

The following is from Stephen Moore, Death by Taxes: Seniors May Plan Their Demises to Maximize Their Bequests, Wall St. J., [...]

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L.A. Times - Personal Finance

“You may not like paying federal taxes, but chances are you’re not going to renounce your U.S. citizenship to get out of the obligation.
That’s probably wise, especially because a tax bill expected to be signed into law this week contains a provision designed to crack down on the roughly 500 rich [...]

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L.A. Times - Personal Finance: “What does the housing slump mean for all of those seniors who took out reverse mortgages? And what does it mean for their heirs? My mother is 78 and fortunately has not had to go down that path (yet). But many of her friends have. I just haven’t seen [...]

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