Samsung Electronics Chairman Lee Kun-hee with daughters Lee Boo-jin (R) and Lee Seo-hyun, followed by his wife, Hong Ra-hee, in Las Vegas, 2012.Steve Marcus / Reuters The former Samsung Electronics chairman, who was South Korea’s richest person, died in 2020. Lee Kun-hee’s family is now selling billions worth of shares to pay inheritance taxes. South … Read more
‘Very specific in his wishes’: Hollywood legend Tony Curtis cut his kids out of his will and $60M fortune when he died. Here’s how to avoid messy inheritance disputes “Spartacus” and “Some Like It Hot” star Tony Curtis died in 2010 and was buried with some of his favorite possessions — including a Stetson hat, … Read more
Broaching the topic of inheritance with parents might be daunting because even the most diplomatic approach could appear to be self-interested. Nevertheless, planning for the future is essential to maximise prosperity for younger generations and minimise inheritance tax bills. In Britain, adult children have no automatic right to their parents’ money. However, most parents do … Read more
Paul Mosely, a British man dwelling in China Paul Mosely is determined to return to Britain along with his spouse. After a life principally spent working in Beijing, China, the 70-year-old yearns for “England’s inexperienced and nice land”, however the looming menace of inheritance tax is maintaining him away. He says: “We’d take into account … Read more