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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - David L. Mcguffey
Most people think they're exempt from the estate tax (often called the "death tax") because they don't have $2 million. A lot of people with low incomes do have some assets, however, and if they have used any Medicaid benefits, their heirs may be in for a shock.
"The only certainty is controversy," writes lawyer David L. McGuffey, a member of a Georgia law firm specializing in estate law, in a 77-page document.
"Estate recovery tends to reach individuals of very modest means and has a chilling effect on low-income people seeking benefits to which they are entitled," he notes.