by
Reuters
Rich families may stand a better chance of preserving their assets if they have a healthy dialogue with their children about the family fortune, experts say.
by
Bloomberg News
Dmitry Rybolovlev won a Swiss court ruling slashing the amount he owes his ex-wife in a record divorce award from $4.5 billion to just over $600 million.
by
Bloomberg News
The daughter of 92-year-old Sumner Redstone and heir to his media empire is positioned to become the most powerful woman in entertainment.
by
Bloomberg News
Neverland Ranch, the former home of the late pop star Michael Jackson, is up for sale with an asking price of $100 million, according to a person with knowledge of the offering.
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Bloomberg News
Sumner Redstone has created the potential for conflict with the seven trustees who’ll oversee his empire, the executives who run CBS and Viacom and the grandchildren he’s made his beneficiaries.
by
Bloomberg News
For parents wondering how much is too much to leave their heirs, Merrill Lynch has a suggestion.
by
Karen DeMasters
A Brown Brothers Harriman executive says wealthy individuals may need to divide their complex tax planning strategies across multiple advisors.
by
Bloomberg News
Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year...
by
William Conroy
Clients should proceed methodically when giving to charity, and advisors need to ensure they consider all options, says a Wilmington Trust Advisor.
by
Bloomberg News
The late actress Lauren Bacall’s collection of paintings, sculpture, jewelry and furniture sold for $3.6 million at Bonhams in New York.
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Bloomberg News
Park Young Sun says the Samsung family should pay back profits from a 1999 deal later ruled by courts to be illegal—money she says the family may use to fund the transfer of assets to children of...
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Bloomberg News
Law schools keep getting less attractive to young professionals, with schools receiving 6...
by
Patricia L. Davidson
Parents need to ensure their estate planning heads off any possibility
of an ugly clash between siblings.
by
Reuters
A growing breed of financial advisors is working with the children of wealthy clients to help them avoid the pitfalls that often come with inheriting a fortune.
by
Bloomberg News
The Manhattan penthouse once home to Joan Rivers, the comedian and television personality who died last September, was listed for sale Monday at $28 million.
by
Bloomberg News
New Orleans Saints owner Tom Benson risks losing control of his sports empire in a $1.7 billion family feud after pushing aside his daughter and grandchildren in favor of his third wife.
by PW Staff
The United States will account for $6 trillion of the assets that gets passed on to the next generation.
by
Bloomberg News
Oklahoma fracking billionaire Harold Hamm argues plunging oil prices should entitle him to a break on the almost $1 billion in alimony awarded his ex-wife. She contends the award is too small.
by
Anthony Greco
President Obama has signed legislation extending a broad range of expired tax breaks for businesses and individuals through the end of 2014.
by
Bloomberg News
German business owners warned they may be forced to slash investments and even sell holdings if they lose a privilege that has allowed them to avoid billions in taxes.
