Word: heir
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Dates: during 2000-2009
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...good news is that IRAs, so tax efficient during your lifetime, can be tax efficient for heirs too. Properly handed down, an heir can stretch out mandatory distributions over his or her remaining lifetime, giving the savings an additional 40 or 50 years to grow tax free. "The key is to pass IRA savings on to heirs intact so the money keeps growing long after you are gone," says Ed Slott, editor of Ed Slott's IRA Advisor. The travesty, Slott says, is that many estate planners are well versed in how to handle real estate, a family business, stocks...
DIED. RAPHAEL DE ROTHSCHILD, 23, scion of the famous banking family; of an apparent drug overdose; in New York City. The Ivy-educated heir was found dead a week ago on a Manhattan sidewalk after a reported night of partying...
...former KGB officer speaks of democracy, he also talks in the same breath about strengthening the state; and although he says he will move decisively to get Russian capitalism up and running, he also looks set to expand state involvement in the economy. And while Boris Yeltsin's designated heir hailed his ascent as the first democratic transfer of power in Russia's 1,100-year history, winning in a landslide without declaring one's agenda suggests Russian democracy...
Last week CODY GIFFORD filed his first lawsuit. And, no, it wasn't against his mother. The 10-year-old towheaded heir of KATHIE LEE and Frank Gifford is charging the National Examiner tabloid with injury to reputation and emotional distress for an article that reported he was a menace on the set of a TV movie. The Giffords claim the story is a fabrication. When asked if it was odd for a 10-year-old to file a lawsuit, Gifford's attorney Barry Langberg said, "It is a little unusual, but then again, it's unusual for a tabloid...
...about Superman and Superboy: Are they working as a team or as future competitors? Much is made in the Hong Kong press of Richard's attempts to step out of his father's shadow; of how he was passed over in favor of elder brother Victor, now 35, as heir apparent to the Li empire; and of the differing styles of father and son. The father is reclusive, cordial, traditional and lives in the same house he bought for $13,000 in the 1960s. Richard likes junk food, can be blunt with subordinates, is building a lavish mansion and flew...