Posts Tagged ‘wealth’

Philip Seymour Hoffman's Unexpected Death Raises Numerous Estate Issues

When Oscar-winning actor Philip Seymour Hoffman died unexpectedly on February 2, he left more than his legacy of notable performances. He also left an estate estimated to have a net worth of $35 Million. Unfortunately, like many celebrities before him who passed away “before their time,” he left the fate of that estate in less-than-optimal…

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What is Family? – Wealth Management

In each case, there’s a definition of “family,” either explicitly written into the trust or, by default, applied by its governing law. There are innumerable ways that these trusts might define which family members are eligible to be … Read more: What is Family? – Wealth Management

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The Problems Associated with Family Fortunes and Family Businesses

Before soap operas, people could follow the rise and fall of actual famous families’ fortunes. The soaps borrowed heavily from the sagas of wealthy families, stories with the essential elements of any good drama: money, nepotism, jealousy, decadence and conflict. Family businesses are the world’s most popular form of corporate ownership, yet few family businesses…

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Rinehart offers olive branch in family wealth dispute

In an open letter to siblings John Hancock and Bianca Rinehart, the businesswoman – who at an estimated net worth of AUS$22 billion (€14.7 billion) is the country's richest woman – said she was willing to appoint a co-trustee to the family trust. The … Read more: Rinehart offers olive branch in family wealth dispute

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Chinese entrepreneurs turn to family trust funds to secure wealth

Chinese entrepreneurs are turning to family trust funds — an emerging financial product in China — to pass on their wealth to future generations beyond their immediate offspring, the Shanghai Securities News reports … Read more: Chinese entrepreneurs turn to family trust funds to secure wealth

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