Giorgio Armani’s will directs heirs to slowly sell the fashion brand or consider going public.
The late designer Giorgio Armani instructed his heirs to gradually divest from the fashion brands he built over the past 50 years or to explore potential listings on stock exchanges. According to a will reviewed by Reuters, the heirs are advised to sell an initial 15% stake in the Italian fashion house within 18 months, […]
When passing your home to your heirs goes wrong
Understanding Property Transfers and Their Complications Many Americans have locked up immense wealth in their homes, and when it comes time to pass on that property, things can get complicated—almost messy, really. Traditionally, when someone wishes to outline who inherits their home, using a will can lead to delays after death. This method has evolved […]
Liz Weston: Medicare recipient should spend down their HSA to avoid heir’s tax burden – OregonLive
Dear Liz: I use Medicare, but I also have a health savings account with a fair market value of over $9,000. Can I spend this on prescriptions, eye care, etc.? I hate wasting this money. My wife passed away and it sat there for a while. answer: You can't contribute to HSAs after using Medicare, […]
BIC pens heirs fending off legal threat from their mother
An ink-soaked legal drama has embroiled the family behind BIC Penn, who are fighting over property worth at least $30 million. $2.7 billion shares of the company, court records show. The daughter-in-law of Marcel Bich, the founder of the French company Société Bic who perfected the ballpoint pen in 1945 after years of legal battles, […]
Why LVMH CEO Bernard Arnault and heirs were at Trump inauguration
President Donald Trump's inauguration put $1 trillion worth of tech money on prominent display, but the presence of one billionaire and his children raised more eyebrows than Lauren Sanchez's lace bra. I hid. Bernard Arnault, CEO of LVMH, is the richest person in France and the fifth richest person in the world, but his son […]
How Monet painting looted in WWII was tracked to US, returned to family heirs
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Nazi-looted Monet, missing for over 80 years, returned heirs of original owners in New Orleans: FBI
NEW ORLEANS — The FBI on Wednesday returned an original Monet work that was presumed lost to Nazi looters for more than 80 years to the descendants of its rightful owner. “Bor de Mer”, or “Seaside” in English, is a pastel painting on 18-3/8 x 22-3/8 inch paper depicting the beaches of Normandy, France. Believed […]
Multimillion-dollar plot targeting Elvis Presley’s heirs busted by feds
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Porsche-Driving New York Squatters Request to Become ‘Heirs’ to Property, Terrorize Neighbors
Several New York squatters accused of defrauding a judge to obtain the rights to a home and terrorizing their neighbors have been declared “heirs” of the abandoned land they have been living on. I am asking you to do so. Denton Gale, 29, and Margaret Glover, 19, have been living in a nearly $900,000 home […]
Jacob Rothschild’s death triggers succession battle among heirs
The death of British banking magnate Jacob Rothschild could spark a “succession”-style battle between his heirs over his vast real estate and investment empire. Lord Rothschild, who died on Monday at the age of 87, founded London-based RIT Capital Management in 1961. The company remains one of Britain’s largest investment trusts and was the head […]