Replies to post #62329 on Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

Syl, I don't think you can compare a public company like WMT to a smaller private company. In every situation the heirs will "do just fine". That does not mean the tax law is fair because the Waltons are rich but no longer in control of the company their father founded and grew. I'm talking about property that is a family asset and the heirs wish to keep it in the family control but are forced to sell because the death of the person who wants to pass it on.

Joe

[Sandy Mack]

...there are many companies even bigger than $100 mil. that survived just fine (the Walton family comes to mind)

For the record, Sam Walton split up his fortune among the family before his death. Inheritance was not an issue.

Sandy