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Who Isn't Afraid of Estate Taxes?

About.com |

In Brief...

Many retired Americans are drowning in debt and have no intention of paying off their bills before they die, according to a recent survey conducted by CESI Debt Solutions, a nonprofit organization committed to empowering and inspiring consumers nationwide to becoming debt free.. When asked how they planned to pay back their newly accumulated debt, only 11% said they were going back to work, 4% said they were going to sell a home or vehicle or cash in a 401(k) or IRA, and an astounding 39% said that they aren't worried at all about paying back their debt before they die.. And the IRS certainly can't tax the estates of decedents who die owing more than they owe..

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