Author Topic: Delayed inheritance  (Read 1062 times)

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Offline Phidippides

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Delayed inheritance
« on: May 10, 2011, 11:31:12 PM »
A wealthy baron who made his living in timber died with a large estate in 1919, but it is only being handed over to its recipients now.

Quote
Now that it's 21 years since the death of the last grandchild, the fortune is finally being turned over to Cameron and 11 others, including three great-grandchildren, seven great-great grandchildren and another great-great-great grandchild. The fortune is valued at more than $100 million. (She'll get a little more than $2.6 million, since those further up the family tree get more under a master agreement).

Shutting Out the Kids from the Family Fortune
"Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses" ~Juvenal

Offline scout1067

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Re: Delayed inheritance
« Reply #1 on: May 16, 2011, 09:21:33 AM »
I think it is hilarious
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Offline Phidippides

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Re: Delayed inheritance
« Reply #2 on: May 27, 2011, 04:12:41 PM »
Here's a follow up.  Apparently some of the people in the family tree tried to get at the cash over the decades.  Really interesting.

http://today.msnbc.msn.com/id/43098220/ns/today-today_people/t/after-years-millionaire-misers-heirs-finally-split-m?GT1=43001
"Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses" ~Juvenal

Offline scout1067

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Offline Phidippides

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Re: Delayed inheritance
« Reply #4 on: May 30, 2011, 10:59:30 AM »
I think the government will get a nice chunk of her cash, will it not?  But yeah, it is a curious case as well.
"Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses" ~Juvenal

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Re: Delayed inheritance
« Reply #4 on: May 30, 2011, 10:59:30 AM »

Offline scout1067

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Re: Delayed inheritance
« Reply #5 on: May 31, 2011, 07:03:39 AM »
Yeah, I think the estate tax came back this and is something retarded like 50% on inheritances above a certain level.
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