Mr. de Guigne, 75, is retaining a life estate in the property, meaning he will have the exclusive use of the house during his lifetime, says his attorney Gregory Hampton.
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Roni Marley of Hawaii Life Real Estate Brokers in Kauai represented both the buyer and the seller.
She said life on the estate was "chaotic" with visitors of all ages.
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After the early 1990s demise of Executive Life (depressed junk bonds) and Mutual Benefit Life (soured real estate) policies were transferred and almost all customers made whole.
The trusts, which got their name from a Methodist minister who won a fight with the Internal Revenue Service in the 1960s, are typically used to protect life insurance from federal estate taxes, though they can contain a variety of assets, including stocks and bonds.
In other words, an irrevocable life insurance trust (ILIT) can be used to purchase life insurance outside of the estate.
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According to court testimony by one of his friends, Anil Bheda, Mr. Gupta had rebuilt his life as a real-estate agent.
He has taken out sufficient life insurance to pay expected estate taxes.
One of the best justifications for life insurance is to pay estate taxes, which can chew up more than half of your net worth.
Up to 20 exhibitors have registered so far, not only lawyers and mediators, but also estate agents, life-crisis experts, private detective firms and DNA laboratories offering paternity tests.
And for more than six years you've been able to buy real estate in Second Life (anyone remember Second Life?), if you just gave them your credit card number.
Trump has written a number of books, including Trump: The Art of the Deal, Trump: Think Like a Billionaire: Everything You Need to Know About Success, Real Estate, and Life and Trump Never Give Up: How I Turned My Biggest Challenges into Success.
Life insurance might belong in your estate plan, especially if we don't see a repeal of the death-tax.
If you're fortunate enough to have substantial assets, life insurance can also help cover estate taxes for your heirs.
Dynasty trusts push that generation-skipping tax exemption to the max, putting the exempted amount beyond the reach of estate taxes for the life of the trust.
When proper estate planning is done, life insurance works hand-in-hand with the legal documents.
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Henry Liebman is chief executive of American Life, a Seattle-based real estate company that manages around 15% of all EB-5 projects nationwide.
Pleas by the U. S. State Department to the Ugandan government to have my father declared dead so his estate could be settled and life insurance benefits paid were met with denials by Idi Amin that my father was dead.
Many firms and practitioners fancy themselves as a single source for all things financial about your life: investments, lending, insurance, estate planning and more.
Thom, like Jimmy, does occasional jobs for his thuggy father as an enforcer, though he's mainly a sleazy real estate hustler partnered with low-life crooks.
The reason: Life insurance proceeds aren't included in your estate if held by a trust.
Charlie's voice was animated by the real-life actor Peter Robbins, who now manages real estate in Van Nuys, Calif.
Is a whole-life insurance policy a better way to escape the estate tax than making gifts every year to your descendants?
Now the non-residential real estate sector is showing some signs of life.
That is sadly the case when people do not take the proper steps to complete their estate planning and update it with important life events like divorces.
As a journalist writing about estate planning, I like to combine real life stories with practical advice.
To the 48-year-old lawyer, whose life partner, Matthew Richards Silverman , is a real estate agent, that smelled like a market top.
Life insurance companies also play a major role in real estate lending, and right now they find few good opportunities to put their money to work.
The new farm, which will only occupy this spot temporarily, sits on land owned by Alexandria Real Estate Equities, a real estate investment trust (REIT) specializing in life science laboratory space.
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