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News
Selling a business to an employee ownership trust: the tax memo can be right and the deal can still fail
4+ hour, 12+ min ago (378+ words) Your client signs the share purchase agreement, shakes hands with people he has employed for twenty years, and drives home. He no longer runs the company. For the next two years he still owns the tax bill if the people…...
I Solely Inherited $500K From My Dad. I Lent My Half-Sister $10K for Property Taxes — Now She Won't Pay It Back and Acts Like It Never Happened
1+ day, 13+ hour ago (640+ words) Sometimes doing what feels like the right thing can turn into a costly lesson — especially when the person asking for help is family. The money may be replaceable. The weirdness at the next family dinner can be a little......
Our dad died and cut my sister out of his $3 million estate — now she won’t talk to me. Should I give her some cash?
20+ hour, 38+ min ago (821+ words) A growing number of older Americans are planning an unequal inheritance for their kids. Unfortunately, this can create serious conflict. "When a parent disinherits one child, the surviving sibling often becomes the target of the hurt, even when the sibling…...
MEFIC REIT cuts total asset increase to SAR 770.9M
1+ day, 58+ min ago (349+ words) Logo of MEFIC REIT Fund MEFIC Capital, the fund manager of MEFIC REIT, announced that the increase in the fund’s total asset value has been revised to SAR 770.89 million, from SAR 834.8 million. The update came after reducing the acquisition consideration…...
New law lifts secrecy on trust beneficiaries in dirty money fight
3+ day, 14+ hour ago (600+ words) Trusts will now be required to reveal their ultimate beneficiaries under the newly passed law that seeks to curb money laundering and illicit financial flows as Kenya pushes to exit the global dirty-money grey list. President William Ruto signed the…...
Trusts should focus on legacy income more - TFN
3+ day, 17+ hour ago (510+ words) Half of Scotland's legacy income goes to just 50 charities Development trusts across Scotland are being urged to tap into the growing potential of gifts left in wills. It comes as new research is highlighting a largely untapped source of income…...
Singapore Academy of Law Uses???The Last Sign??? to Tackle Missing Wills
4+ day, 4+ hour ago (250+ words) A humorous public education film highlights the uncertainty families can face when they do not know whether a loved one made a Will or where it was kept. The Singapore Academy of Law has launched the Wills Repository Service, enabling…...
Offshore Trust Back Tax Collection Wave Spreads to Enterprises Including Haidilao
3+ day, 21+ hour ago (1166+ words) On September 9, a thought-provoking scene unfolded in the Hong Kong stock market. Haidilao's share price faced massive sell-offs during the opening call auction, hitting an intraday low of HK$10, down 12.13% from the previous trading day's closing price of HK$11.38. By…...
Asialink adds property developers to housing finance network
4+ day, 6+ hour ago (339+ words) The lender partnered with Philippine Estates Corp., Ferti-Acres Inc., Masaito Development Corp. and Vester Corp., adding them to its network of accredited developers. 3.7 million housing units The expansion comes as the Philippines works to address an estimated 3.7 million housing units…...
Death Benefit Trusts Top 1 Trillion Won in Korea
4+ day, 4+ hour ago (340+ words) Seoul Economic Daily Insurance claim trusts, which pay out death benefits to surviving family members under conditions and schedules set in advance, have topped 1 trillion won for the first time, about two years after the system was introduced With legislation…...