November 16

Joe Paterno’s House and the Estate Tax Question

Joe Paterno, the former Penn State football coach, sold his house to his wife for just $1 in July. While it is not clear why he did so, one explanation is that he acted for estate tax reasons.

Article source: http://feeds.nytimes.com/click.phdo?i=8a0580279034f537f09e4cba4e648674