Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $49,217
55%  
Woo hoo!! And we're now over 54%!! Thank you all very much for your continuing support!

Keyword: inheritance

Brevity: Headers | « Text »
  • Should British Millennials get $13,500 to reduce young-old inequality?

    05/08/2018 3:38:08 PM PDT · by risen_feenix · 33 replies
    My ND Now ^ | 05/08/2018 | Keith Darnay
    Should young people in the United Kingdom be given £10,000 ($13,500) when they turn 25? A top think tank says yes. The proposal from the Resolution Foundation is one of a number of suggestions for reducing inequality between the young and old. British Millennials and their peers in other developed countries have fallen behind older generations when it comes to wealth, income and home ownership, a trend that politicians have been slow to address in the wake of the global financial crisis. "We need not just some tinkering, but some big and dramatic solutions," said Matt Whittaker, deputy director at...
  • How to (legally) protect a small inheritance from the IRS?

    04/22/2018 12:37:24 PM PDT · by lee martell · 163 replies
    April 22 2018 | Lee Martell
    Remember that song by Tom Jones; "I who have nothing!". That pretty much describes me. I'm near 62 y/o, working part time. I hope to keep working at least for the next eight to ten years, then start taking my Social Security. I have no savings to speak of. I will always owe the IRS something from unpaid student loans or wrongly filed tax statements. Most times I don't receive any return at all, it's simply 'absorbed' and paid out to the Govt. The one bright spot is that due to a sibling's death last year, I have received about...
  • Accused Parkland killer wants to give inheritance to victims: Attorney

    04/12/2018 4:33:24 AM PDT · by BBell · 22 replies
    http://abcnews.go.com/ ^ | 4/11/18 | BILL HUTCHINSON
    The alleged gunman in the Valentine's Day massacre at Marjory Stoneman Douglas High School in Florida wants to give any inheritance due him from his late mother's estate to the victims' families or an organization that will help the community heal, his attorneys said Wednesday. Nikolas Cruz, 19, appeared at a hearing in Broward County Circuit Court in Fort Lauderdale to determine whether he is truly indigent or if he stands to collect up to $800,000 from his late mother's estate and various other financial accounts in his name. It was previously determined that Cruz could not afford his own...
  • A Cautionary Tale of Guns and Inheritance

    12/04/2017 5:30:10 AM PST · by marktwain · 31 replies
    Gun Watch ^ | 25 November, 2017 | Dean Weingarten
    A recent experience shows how problems can occur with guns and estates.  I was involved in this. My involvement occurred 27 years ago. In 1990, an elderly relative wanted expert advice on obtaining a firearm. Her husband had recently died. She wanted to have a gun in the house, and wasn't comfortable with pistols. She was already frail and did not have much upper body strength. I recommended a .22 semi-auto, which she could keep handy. She could keep the chamber unloaded. It would be easy to charge and put into firing condition. The Brazilian copy of the Remington...
  • Jerry Lewis Left All Six Children from His First Marriage Out of His Will

    09/22/2017 1:09:35 PM PDT · by EveningStar · 131 replies
    People Magazine ^ | September 21, 2017 | Mike Miller
    Jerry Lewis certainly got in the last laugh when it came to his strained relationship with his children. According to his Last Will and Testament, provided to PEOPLE by The Blast, the funnyman emphatically cut out all six children he had with his first wife Patti Palmer — meaning they will [inherit] nothing.
  • Beneficiary of Prudential accounts. Need help.

    08/17/2017 6:59:05 AM PDT · by Danette · 14 replies
    Me | August 17, 2017 | Me
    I am a named beneficiary along with 4 other siblings of my mother's Pruco Securities non-qualifying Command account. My mother passed away on July 19th.
  • Sons File Lawsuit Over Actor-Politician Fred Thompson's Estate

    08/02/2016 5:48:49 PM PDT · by Extremely Extreme Extremist · 31 replies
    NEWS CHANNEL 5 ^ | 02 AUGUST 2016 | PHIL WILLIAMS
    NASHVILLE, Tenn. - A legal battle has erupted over the estate of former U.S. Senator Fred Thompson. That legal battle comes in the former of a lawsuit filed late Tuesday by Thompson's two adult sons -- nine months after the death of the actor turned politician. In the complaint, sons Tony and Dan Thompson question a flurry of changes to their father's estate in the days before his death back in November.
  • Memo to parents: Your adult kids don't want your stuff

    04/14/2016 12:27:24 PM PDT · by metmom · 185 replies
    NOLA.com| The Times-Picayune ^ | April 11, 2016 | Marni Jameson
    Parents of grown children, please sit down. I have some harsh news for you. Your kids don't want your stuff. Don't take it personally. It's not that they don't love you. They don't love your furniture. The china hutch, the collectible figurines, your antique map or thimble collection, the sideboard, all those family treasures may hold many precious moments for you, but for your kids, not so much. Ouch. Yes, I know you think you're being generous. Yes, I know you paid good money for these things. Yes, I know kids can seem unappreciative. Yes, I know it was part...
  • When Family Fortunes Beget Vicious Power Struggles

    02/12/2016 6:18:59 AM PST · by SeekAndFind · 9 replies
    New York Times ^ | 02/12/2016 | By JAMES B. STEWART
    Consider the plight of Shari Redstone, the daughter of the billionaire media mogul Sumner Redstone. Much of her family's fortune is tied to the ailing 92-year-old Mr. Redstone. He owns 80 percent and she owns 20 percent of National Amusements, the private business that controls two giant media companies -- Viacom and CBS. Upon Mr. Redstone's death, his interest passes to a trust with his grandchildren as beneficiaries. But Mr. Redstone hardly set the stage for an orderly transition. He stubbornly held on so long as executive chairman of both CBS and Viacom that shareholders began to question his ability...
  • Mark Zuckerberg plans to toss 44 billion dollars in the garbage

    12/02/2015 7:32:41 AM PST · by SeekAndFind · 35 replies
    American Thinker ^ | 12/02/2015 | Ed Straker
    If you were wealthy and your first child was just born, what would be the first thing you would do? Give away all your money so your child would get almost nothing, right? Well, that's the decent parental instincts of Facebook's Mark Zuckerberg, who penned an open letter to his newly born daughter telling her that she would never, ever see 99% of the 45 Facebook billion dollars he had made. His daughter Max will surely appreciate his noble gesture. Instead, he plans to give it all to his charitable foundation, I mean his LLC, the Chan Zuckerberg Initiative. In...
  • Has SCOTUS Created a Way to Get Around the Estate Tax?

    06/28/2015 2:11:42 AM PDT · by 2ndDivisionVet · 26 replies
    American Thinker The Blog ^ | June 28, 2015 | Vel Nirtist
    Sometimes, at a most solemn moment, a most irreverent thought shoots through the mind. When I heard that the US Supreme Court legalized gay marriage, my thought was "I wonder what the estate tax lawyers will make of it?" How about advising a terminally ill widowed grandma to marry her much-beloved granddaughter at the deathbed? Won't the estate pass to the surviving spouse intact? I'm not a lawyer, but I think it will -- without IRS getting the bite out of it as would happen now. And it would be very hard to have a sound legal argument against such...
  • Follow Sweden: Kill the Inheritance Tax Now

    04/17/2015 7:43:15 AM PDT · by SeekAndFind · 9 replies
    National Review ^ | 04/17/2015 | The Editors
    Class warriors on the left argue that the United States should be more like Sweden, and we agree: Senate Republicans should move forward with a plan to repeal the inheritance tax, which the House passed Thursday. Sweden had an inheritance tax for 110 years, and though the rate was sometimes quite high, the tax never became an important source of revenue. In the United States, the hated death tax produces only a fraction of a percentage point of federal revenue, though it imposes very heavy costs on a small number of families and businesses. In Sweden, the tax provoked various...
  • Your Inheritance May Be a Strange Experience

    03/15/2015 8:15:45 AM PDT · by Kaslin · 25 replies
    Townhall.com ^ | March 15, 2015 | Bruce Bialosky
    A theme that dramas and soap operas have dwelled on is the spats people can have over what their ancestors may leave for them. Life imitates art has been my experience seeing relatives squabble over the dead carcasses, but some have taken the issue to heart in a new television series on the Fox Business Network (FBN) called Strange Inheritance. The episodes I watched did not involve fisticuffs, but they incorporate many of the same decisions that one has to confront upon the death of a loved one. First, there are the wishes of the dear departed. What did the...
  • Clintons seek to avoid a tax they once supported

    01/22/2015 2:36:27 AM PST · by SoFloFreeper · 6 replies
    Fortune.com ^ | 6/17/14 | Laura Lorenzetti
    Bill and Hillary are reportedly using tax advantaged strategies used by multimillionaires. Bill and Hillary Clinton are finding their way around an estate tax they have long supported, a cause they said would prevent the U.S. from being overrun by inherited wealth. The Clintons are employing a series of financial planning strategies that will help reduce the tax burden on future recipients, which can be as high as 40%, Bloomberg News reported.
  • What will the next President inherit from Obama?

    09/22/2014 7:42:49 AM PDT · by SeekAndFind · 37 replies
    American Thinker ^ | 09/22/2014 | Keith Edwards
    If we’ve heard it once, we’ve heard it a thousand times since Obama was elected – that every problem he faced as president was inherited from Bush. From Bush’s wars to Bush’s recession, every problem in America, and around the world for that matter, was all Bush’s fault. Well, what goes around comes around, and as the presidential campaign season heats up, the big question that needs to be answered by the Democratic presidential nominee will be: What problems will they be “inheriting” from Obama? For the fun of it, let’s assume Hillary wins the Democratic nomination. Just how will...
  • How Inherited Wealth Helps the Economy

    06/22/2014 9:55:28 AM PDT · by SeekAndFind · 11 replies
    New York Times ^ | 06/21/2014 | N. GREGORY MANKIW
    Is inherited wealth making a comeback? Yes, says Thomas Piketty, author of the best seller “Capital in the Twenty-First Century.” Inherited wealth has always been with us, of course, but Mr. Piketty believes that its importance is increasing. He sees a future that combines slow economic growth with high returns to capital. He reasons that if capital owners save much of their income, their wealth will accumulate and be passed on to their heirs. He concludes that individuals’ living standards will be determined less by their skill and effort and more by bequests they receive. To be sure, one can...
  • What can you tell me about a conservation easement?

    06/02/2014 7:01:40 PM PDT · by lyby · 44 replies
    me | 06/02/2014 | lyby
    My mother and her sister inherited a substantial amount of land from my grandparents. My sister, her husband, my mother, my aunt, two of her sons, and I met with the attorneys last Friday. Despite my voiced disagreement, it was decided to pursue a "conservation easement" for the mountain land. My mother has been trying to divide the property with her sister for over 20 years, since my grandmother's death.
  • Anderson Cooper Will Not Receive an Inheritance From Mom Gloria Vanderbilt

    04/02/2014 7:10:57 AM PDT · by SeekAndFind · 91 replies
    US Magazine ^ | 04/02/2014 | Esther Lee
    No inheritance for Anderson! CNN anchor Anderson Cooper, who comes from the Vanderbilts, one of the wealthiest families in American history, said Monday, March 31, that he will not be receiving any fortune from his mother Gloria Vanderbilt. "My mom's made clear to me that there's no trust fund," Cooper told Howard Stern on his radio show. "There's none of that." Cooper's mom is the great-great-granddaughter of railroad and shipping mogul Cornelius Vanderbilt. Still stunning at 90 years old, the Manhattan socialite and former denim designer is reportedly worth a whopping $200 million. Gloria's equally-successful son, however, told Stern he...
  • Islamic law is adopted by British legal chiefs [Solicitors told how to draw up Sharia-style wills]

    03/22/2014 3:29:08 PM PDT · by Sub-Driver · 20 replies
    Islamic law is adopted by British legal chiefs Solicitors told how to draw up Sharia-style wills penalising widows and non-believers By John Bingham, Religious Affairs Editor 9:35PM GMT 22 Mar 2014 Islamic law is to be effectively enshrined in the British legal system for the first time under guidelines for solicitors on drawing up “Sharia compliant” wills. Under ground-breaking guidance, produced by The Law Society, High Street solicitors will be able to write Islamic wills that deny women an equal share of inheritances and exclude unbelievers altogether. The documents, which would be recognised by Britain’s courts, will also prevent children...
  • Bill Gates' 'Anti-Paris Hilton' Plan To Make Sure His Kids Won't Inherit All That Gigantic Wealth

    03/20/2014 7:38:03 AM PDT · by SeekAndFind · 30 replies
    Business Insider ^ | 03/20/2014 | Dylan Love
    Speaking on stage yesterday at the TED 2014 conference in Vancouver, British Columbia, Bill and Melinda Gates gave a revealing answer to a question about how they're raising their kids with respect to money, reports Wired. The couple has enough money to make each of their three children billionaires if they should want to do so, but as they answered, that's not the plan at all. "We want to strike a balance so they have the freedom to do anything, but not sort of a lot of money showered on them so that they can go out and do nothing,"...