Inheritance: ShortFormBlog

15:10 • 5 months ago

Need a nice feel-good story? Here you go: Here's how an elderly woman left $12.5 million estate to a kind neighbor:

A rich but lonely old lady has left her entire estate, worth $12.5 million to her neighbour, who bought her bread and milk and helped her manage her daily chores.

Betty Harris, who died aged 95 in 2009, chose to leave her estate to her neighbour in the millionaires enclave of Point Piper in Sydney after she felt her niece was trying to force her into a nursing home.

Just a friendly reminder that it sometimes quite literally pays to be nice to your neighbors. It’s nice to see good things happen to good people like Beatrice Gray every once in a while.

20:37 • 2 years ago

Let the fiddling begin: Democrats want to modify tax compromise

Tags: congress death tax estate tax gop inheritance mitch mcconnell obama tax compromise politics 2 • Permalink

left While Democrats have come to grips with most portions of the Obama tax compromise, some are staunchly against a measure that significantly lowers the estate tax (which has been on pause this year) and raises the exemption rate to a rate much higher than it was.
right In case you’re wondering if the GOP likes the idea of any measures in the plan changing, Mitch McConnell puts it like this: “This agreement is not subject to being reopened. In other words, we have an understanding.” Our boy Mitch is still sort of a jerk. source