Any cash sales of stock, however, would be taxable for almost their full worth, since the assets are based on 1913 valuations. Inheritance taxes will come into play on the deaths of the year 2007 heirs. Campbell trustees act as one in decision-making. There are no fiefdoms as with Bishop Estate. All decisions are passed to President David McCoy and his staff of 125 for execution.
All current income passes through the estate directly to the inheritors.
It is taxable only to them. Money for estate operations is obtained by borrowing. His column runs Tuesday and Thursday.