JD Salinger – Was January 27 2010 A Good Day To Die
Even more fantastic, was there a contingency plan in place in the event that death occurred late in December ? How hard would it be to post-date a death certificate under those circumstances ? It makes a good “ripped from the headlines” plot for Law and Order, but the income tax advantages of the step-up in basis are so sweet that it would actually be stupid estate planning.
Was JD Salinger Facing A Major Estate Tax Problem ?
The part of the litigation that would be really interesting to the Agent From Hell is this affidavit by Phyllis Westberg. She opines that a sequel to Catcher in the Rye written by Salinger would command an advance of at least $5,000,000. It would seem that the “complete history of the Caulfield family” would qualify as at least equivalent to a sequel. Throw that in with what may turn out to be the greatest World War II novels ever and some other stuff and AFH will be arguing that there must be something like $50,000,000 worth of manuscripts in that safe.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.