( http://www.lawjournalbuffalo.com/news/article/current/2010/02/01/102036/death-tax-expires )
Bush admin allows American family offsprings to inherit from their parents for up to $10million for each person without paying any tax. This law allows most Americans inherits estates from parents almost free of tax, as very few families exceeding $10million asset. This law will be expired by Dec 31 2012.
Starting next year, family exceeding > $1million will pay upto 45% inherit tax. Now aged rich daddy better to consider to die before the end of year than to live into early next year.
