Estate Jokes / Recent Jokes

From a year-end planning guide published by Richard L. Hodge, CPA of
Northboro MA:
"It has been said that the only real tax shelter is death. That's
because a decedent's assets are revalued at their fair market value
at the date of death...
"If the total value of an estate exceeds $600,000, there may be an
estate tax. That is paid by the estate before the heirs get anything.
Massachusetts estate tax applies to amounts in excess of $50,000, but
that has been changed and will gradually increase to the $600,000
exemption by 1996. A good planning strategy is to defer death until
at least 1996."

A real estate salesman had just closed his first deal, only to discover that the piece of land he had sold was completely under water.
"That customer's going to come back here pretty mad," he said to his boss. "Should I give him his money back?"
"Money back?" roared the boss. "What kind of salesman are you? Get out there and sell him a houseboat."

Did you hear about the hillbilly who passed away and left his estate in trust for his bereaved widow?

She can't touch it until she's fourteen.

A doctor vacationing on the Riviera met an old lawyer friend and asked him what he was doing there. The lawyer replied, "Remember that lousy real estate I bought? Well, it caught fire, so here I am with the fire insurance proceeds. What are you doing here?" The doctor replied, "Remember that lousy real estate I had in Mississippi? Well, the river overflowed, and here I am with the flood insurance proceeds." The lawyer looked puzzled. "Gee," he asked, "how did you start the flood?"