Tag Archive: Family Trusts

What Can You Do About Estate Tax Changes?

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 ...

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Osaka Says Maybe Not So Many 120 Year-Olds

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 ...

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Why Bother With a Will?

I suppose that the answer largely depends on your reaction to the government’s making decisions for you. Perhaps it is a societal matter. In Japan, people often seem to expect guidance from authority figures. They may also assume that “forced inheritance” rules, which allow close family members to insist on fixed shares, mean that there ...

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The “Lucky” Decedents of 2010

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 ...

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More Legal Guardians Prone To Embezzle?

The legal guardianship system in Japan for adults troubled with extreme old age, dementia or handicaps in now in its tenth year, but there still seems to be an imperfect understanding of the role that guardians should play; that is, to safeguard the interests and assets of the persons receiving care. In many cases, ...

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Providing For Special Needs of Children

Children are special. They are one of life's treasures. When we hear of disasters such as the 2004 tsunami (my own son was actually swimming in the Indian Ocean at the time) or the recent quake in Haiti, ...

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