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 ...
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 ...
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 ...
And that does not include those whose deaths have been confirmed or all the “missing” who are under the age of 100. It suggests that the koseki or family register system in Japan, used for various government records purposes including payment of pensions, is hopelessly disorganized. See the latest Daily Yomiuri report here Indeed, one ...
The mummified corpse of a man, allegedly 111 years old, was found recently in Tokyo. Family members claim that he locked himself in a room 30 years ago and never came out. Police suspect that relatives were receiving his pension illegally during that time. See news report here Then another centenarian, one registered as the ...
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 ...
Merger negotiations between Kirin and the smaller, family-owned Suntory, Japan competitors in the beer and beverage business, have broken off, apparently permanently. The parties ultimately disagreed on the share ratio and the extent of the role that the ...
As I predicted only a few days ago, a Japan family-controlled company has prevailed in its demands for a key control position in a merger with a much larger firm. Suntory Holdings and ...