Nicolas Puech, a reclusive fifth-generation descendant of the founder of French luxury giant Hermes International SCA, wants to adopt his middle-aged gardener to whom he would bequeath at least some of his fortune.
In this replay of an earlier episode, David Lenok and Kelley Wolfington discuss the values-driven spending habits of younger generations.
Anne Rhodes is the chief legal officer at Wealth.com.
The ruling underscores importance of careful will drafting and estate administration.
Nicolas Puech wants to leave his sizable inheritance to his 51-year old gardener.
The Trump-era tax cuts largely gutted the federal estate tax by massively increasing the individual estate and gift tax exemption to roughly $13 million for 2024.
Issue involved whether adopted individuals qualified as descendants.
A Supreme Court case about unrealized capital gains has implications for Biden’s proposed tax on the very wealthy.
Suspicious conditions lead to claims of undue influence.
