Estate of Denial news clips (12/05/16)

Yes Dilbert, Trump Could Finally Kill The Death Tax

Forbes

November 23, 2016

Weeks after the election, there are still many ‘why did Hillary Clinton lose‘ discussions. But one possible explanation that so far doesn’t seem to be taken seriously–if is is mentioned at all–is the death tax. That surely was not it. After all, relatively few people pay it. Yet it remains terribly controversial and it generates discussion that has a kind of emotional fervor most tax issues do not generate. Dilbert creator Scott Adams called it confiscation when he explained why he switched from Clinton to Trump. Just consider the fact that Secretary Clinton wanted to raise the estate tax to an astounding 65%, while Donald Trump vowed to repeal it. And with a Republican House and Republican Senate, he just might.

 

Doris Duke twins lose bid to sue over ‘junkie’ dad who blew their billions

New York Post

November 29, 2016

Their dad may have blown most of their trust fund on heroin, four wives and a rented Wyoming manse dubbed “Outlaw Acres” — but it was his money to burn.

That’s the tough-luck ruling from a Manhattan judge who tossed a lawsuit filed by the twin heirs to the Doris Duke tobacco fortune.

 

Wells Fargo Financial Pennsylvania claims heirs didn’t pay mortgage

The Pennsylvania Record

November 29, 2016

PITTSBURGH — A financial institution is suing several heirs of Belford K. Austin, alleging breach of contract in connection with a mortgage.

Wells Fargo Financial Pennsylvania Inc., c/o Wells Fargo Bank, N.A., filed a complaint on Oct. 21 in the Court of Common Pleas of Allegheny County against the heirs of Belford K. Austin, alleging that they failed to make payments on a mortgage.

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