David Weldon: “I want to talk about a florist in Kissimmee, Florida. His name is Danny Sexton. A lot of people on the east coast have…”

“I want to talk about a florist in Kissimmee, Florida. His name is Danny Sexton. A lot of people on the east coast have passed through Kissimmee because it is right outside Disney World. Danny started out with a floral shop. His uncle had been established in the floral business in Kissimmee for many years, had a much bigger shop; he had about 20 employees and his uncle died, and Danny was the sole heir. Danny inherited his uncle's floral shop. Danny, like so many small businessmen, employed just a small number of people, five or six people. He had been involved in his community for years, giving to the United Way and other charitable programs. He really knew nothing about the death tax. Suddenly he found himself in charge of not only his floral shop, but his uncle's floral shop, which had been established many years earlier, was much bigger, had a lot of commercial accounts and he inherited all these employees. Lo and behold, he discovered that he was going to have to pay a tax bill, and the death tax was $160,000.”