TUESDAY JULY 13, 2010

Long live the Boss

George M. Steinbrenner III, the Boss and long time owner of the New York Yankees, passed way today.  The controversial owner was both loved and hated in the baseball world.  Yet, even his sharpest critics admired his business acumen.

So, is it any surprise that the Boss chose to die in 2010?  The estate tax is currently set at 0%.  At the stroke of midnight on Dec. 31, 2010, the rate is scheduled to return to 55%!  So, even in death, the Boss beat the system!

POSTED AT 1899-12-30 10:37:00.0

KEN ENTENMANN, CFA
SENIOR VICE PRESIDENT AND
THE DIRECTOR OF INVESTMENT MANAGEMENT SERVICES

Ken is a Senior Vice President and the Director of the Trust and Investment Services at Alliance Bank, N.A. He has 23 years of investment experience and oversees the management of assets totaling $1 billion. He holds a B.S. in Applied Economics and Business Management from Cornell University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. He has also earned his Chartered Financial Analyst designation. He is a member of the Executive Committee of the Trust Division of the New York Banker's Association. He is also a director of the Central New York Community Foundation.

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