Saturday, 31 Oct 2009 | Source: The New York Times
To deter lawsuits, many estate plans include a no-contest clause, which provides that anyone who formally challenges the plan gets nothing, according to the New York Times.
Thursday, 22 Oct 2009 | Source: The Associated Press
It's the moment nosy neighbors have been waiting for — the release of official records showing the annual income and overall wealth of nearly every Norwegian taxpayer.
High-profile fraud scandals and heavy-footed government tax crackdowns have "changed the DNA" of wealthy investors who now demand lucid, protective long-term counsel from advisers and bankers, an industry expert said.
For many people who do not have bank accounts, or cannot get a credit card, the pre-paid debit cards are irresistible. But their convenience comes with a catch. The New York Times reports.
Some of the money that fled stocks for safe harbors like money-market funds and government bonds is beginning to return. Even with trillions still sheltered on the sidelines, some $56 billion has poured into equity funds since April.
The lawyers working to recover the assets of Marc Drier -- a lawyer arrested for defrauding his investors of $700 million -- face unexpected obstacles as they disentangle the web of fraud, says the New York Times.
Renowned investor Jim Rogers thinks the best way to preserve wealth is to make money. His single best investments – his daughters – and Rogers is set on making sure they get the best education possible.
Wednesday, 13 May 2009 | Source: The New York Times
The Robin Hood Foundation’s spring fund-raising event has long set the pace for charity benefits, raising tens of millions of dollars from publicity-averse hedge fund moguls who engaged in raucous bidding wars. That was then, this is now.
Warren Buffett tops the list of the biggest losers among America's richest billionaires, with an estimated $10 billion drop in his personal wealth over the past twelve months. That's the result of Berkshire Hathaway's 20 percent stock decline.... Read More
Warren Buffett and his friend Bill Gates reportedly joined with David Rockefeller Sr. to invite a group of the world's richest people to gather in one room earlier this month.... Read More