You certainly can do quite a few things. You probably know by now that there is no federal estate tax at all in the United States, if deaths occur in 2010. Next year it may come back like a tidal wave —or not — depending on what Congress does. What should you do to cope ...
Osaka leads Japan in another embarrassing statistic. It is checking its records, which it found list 5,125 residents which are indicated to be age 120 or older. One man would be 152 if still alive. See the Bloomberg article. Cities and towns throughout Japan are all reviewing their files after the revelation of a ...
The estate tax lapse for the year 2010 has already helped the heirs of several famous and very wealthy persons who, if they had survived until next year, would have left far less. TV personality Art Linkletter, actor Dennis Hopper, Taco Bell founder Glen Bell, author Louis Auchincloss, real estate developer Walter Shorenstein, pipeline developer ...
Willie Pesek’s latest column at Bloomberg.com may offer a great insight into why the size of China’s economy has now surpassed Japan’s. It rings true to many expats in Japan. Willie continually does a great job in noting why news matters. That news does not mean China is “better” in that it provides its ...
Oprah Winfrey, the famed and vastly wealthy US TV personality, has chosen to have her fortune managed by a private financial adviser. Going back to the origins of the “family office,” started by John D. Rockefeller in the late 1800s, That is a system where wealth managers handle only a single client or family. ...
As most now know, extraordinary tax savings are taking place for U.S. persons dying in 2010, because of failure by Congress to update the estate tax. The most dramatic example to date is that of Dan L. Duncan, a Texas pipeline tycoon and fanatic big game hunter who died in March, leaving an estate and ...
Rich Cling To Life To Beat Tax Man is the title of a piece in The Wall Street Journal on December 30, arguing that the lapse in the US Federal estate tax law in 2010 is causing wealthy Americans to make decisions about when and how they should die. Other copies can be found ...