ESTEE LAUDER'S ESTATE

At first glance, the media reports that Estee Lauder's children were selling stock to raise $550 million for taxes, seem shocking. To owe that much in estate taxes means the estate was worth about $1 billion and raises the question of why Lauder, who surely had access to the best legal advice, would die with so many taxable assets. Wouldn't a good advisor have helped her transfer most of that money

At first glance, the media reports that Estee Lauder's children were selling stock to raise $550 million for taxes, seem shocking. To owe that much in estate taxes means the estate was worth about $1 billion and raises the question of why Lauder, who surely had access to the best legal advice, would die with so many taxable assets. Wouldn't a good advisor have helped her transfer most of that money out of her estate long ago? Her death this April could hardly have been unexpected. After all,

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