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Law
Sir Lynton Crosby’s CT Group accused of unlawful information gathering
...Sir Lynton Crosby’s CT Group has been accused of unlawfully gathering privileged information in a legal battle in London’s High Court over a multibillion-dollar estate linked to a deceased Russian billionaire...
March 28, 2024
Inheritance
Probate delays threaten vital services, UK charities warn
...Charities have become highly dependent on bequests from estates, whose value has risen thanks to a boom in asset prices, helping them offset pressure on general donations due to the cost of living squeeze...
March 7, 2024
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Law
Lynton Crosby’s CT Group accused of supplying forged records in court disputes
...The latest accusation against the former Tory election adviser’s firm was made this week by relatives of a deceased Russian billionaire as they resisted an application from his widow and daughter for a $900mn...
February 24, 2024
HTSIThe Art of Sound: starring Burna Boy, Peter Blake, Michael Stipe, Samara Joy, Lankum and more
Basquiat in LA
...(Recently, a copy was auctioned with a top estimate of $15,000, while 40 vinyls were released by the estate last November, selling for $4,000; proceeds from edition #1 went to the non-profit LA arts-education...
February 20, 2024
FT Money personal finance guides
Need to Know: A well-written will makes life easier for your family
...Under intestacy, a married partner inherits the personal property and belongings of the person who has died, up to the first £322,000 of the estate, and half of the remaining estate....
March 28, 2024
Your QuestionsLucy Warwick-Ching
Can I challenge my partner’s will?
...It is important to seek legal advice as soon as possible and to correspond with personal representatives of the deceased’s estate....
January 10, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Cost of living crisis
Inflation hits UK funeral costs as prices rise for first time since pandemic
...Costing an average of £1,498, they are used in nearly one in five deaths. Funeral directors say the numbers of direct burials, when the deceased is taken straight to the burial site, have also grown....
January 15, 2024
The Big Read
Should governments tax the great boomer wealth transfer?
...It suggested they should have lower thresholds, fewer exemptions, apply to recipients rather than the deceased’s estate, and have progressive rather than flat rates....
April 15, 2024
Venture capital investment
Sacked Social Capital partners push back on dismissal over AI investment
...He “stands by his 28-year track record of integrity and looks forward to the truth coming out”, the person added. Zaveri has hired the law firm Gibson Dunn to represent him....
March 14, 2024
House & Home
‘The last house in England’: living in Dungeness
...It is one of several on Dungeness. A mainline branch terminated at the estate from 1883 until 1953....
April 26, 2024
Transcript
Transcript: Inside the battle for America’s West
...Oliver Roeder They catch the attention of a local ranch manager, a man by the name of Steven Grende, who works for a wealthy ranch owner, a man named Fred Eshelman....
April 17, 2024
CVC Capital Partners Ltd
CVC unveils plan to raise €1.25bn in long-delayed IPO
...It will also provide CVC with capital to pursue additional acquisitions in areas such as real estate and potentially help finance the acquisition of Dutch infrastructure investment firm DIF Capital Partners...
April 15, 2024
Donald Trump
Maryanne Trump Barry, sister of Donald Trump, dies at 86
...Born in 1937, Barry was the eldest of the five children born to Fred Trump, an upwardly mobile Queens real estate developer, and his wife, Mary....
November 13, 2023
Special ReportInvesting in America
China culls spend in response to US trade hostility
...The community is divided really in a bad way, and I have friends on both sides of the issue,” says Fred Guenther, mayor of Big Rapids, who has received death threats for his support of Gotion’s factory,...
November 7, 2023
Donald Trump
Donald Trump loses bid to delay enforcement of $450mn New York fraud verdict
...Those properties the family still control are suffering the same plagues of rising interest rates and remote working that are afflicting the rest of the commercial real estate industry....
February 28, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
FT Alphaville
FTAV’s Further Reading
...doom loop threatens America’s banks (WSJ) — Black holes ‘burp’ after they’ve devoured a star (Reddit) — Do you want to be the new boss of FRED?...
September 7, 2023
Your QuestionsLucy Warwick-Ching
How can I get probate to sell my property?
...Any heirs who are located will be able to take out the grant of letters of administration, at which point you can pay them the funds the estate is owed....
January 24, 2024
Edward Luce
Why no one will lend to Trump
...Trump is estimated to have inherited the equivalent today of $413mn from his father, Fred Trump. A quarter of a century after Trump Sr’s death, his son seems unable to cover roughly that amount....
March 20, 2024
House & Home
The growing problem of inheritance
...This is a byproduct of testamentary freedom in England and Wales, which enables the deceased to leave their estate to anyone, says Lloyd....
March 8, 2024
Your QuestionsLucy Warwick-Ching
Should I use the travel insurance provided by my credit card?
...to act as a trustee in place of the deceased trustee....
March 27, 2024
Letter
Letter: Reduce inheritance tax and more high earners will stay in UK
...Thus the deceased’s beneficiaries will be left with £600,000 out of a total earned of £2mn, a tax rate of 70 per cent (or more depending on tax rates)....
October 2, 2023
Robert Menendez
US prosecutors allege senator Bob Menendez took bribes to help Qatar
...Tuesday’s updated indictment alleged that Menendez also agreed to help a New Jersey real estate developer, Fred Daibes, who was seeking a multimillion-dollar investment from a Qatari fund with close ties...
January 2, 2024
Personal Finance
How UK inheritance tax compares internationally
...The UK is also one of only three countries, along with Denmark and the US, that tax the estates of deceased donors. Other countries tax the recipients....
September 29, 2023
ObituaryJacob Rothschild
Jacob Rothschild, financier and philanthropist, 1936-2024
...In the early 1960s, Rothschild met Serena Mary Dunn at the house of Nancy Astor, the first woman to take a seat in Britain’s parliament....
February 29, 2024
Stuart Kirk
Inheritance tax debates overlook the psychology of the thing
...Better yet, only about 2,500 estates would have to pay. Indeed, just 370 of the largest US estates accounted for $11bn of the $18bn raised in 2021....
September 30, 2023

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