Inheritance of Wealth

2018-01-26
Philosophy

Author: Daniel Halliday

Publisher: Oxford University Press

ISBN: 0192524992

Category: Philosophy

Page: 256

View: 4804


Daniel Halliday examines the moral grounding of the right to bequeath or transfer wealth. He engages with contemporary concerns about wealth inequality, class hierarchy, and taxation, while also drawing on the history of the egalitarian, utilitarian, and liberal traditions in political philosophy. He presents an egalitarian case for restricting inherited wealth, arguing that unrestricted inheritance is unjust to the extent that it enables and enhances the intergenerational replication of inequality. Here, inequality is understood in a group-based sense: the unjust effects of inheritance are principally in its tendency to concentrate certain opportunities into certain groups. This results in what Halliday describes as 'economic segregation'. He defends a specific proposal about how to tax inherited wealth: roughly, inheritance should be taxed more heavily when it comes from old money. He rebuts some sceptical arguments against inheritance taxes, and makes suggestions about how tax schemes should be designed.

Endless Inheritance

2014-12-01
Law

Author: Richard Del Monte

Publisher: Advantage

ISBN: 159932542X

Category: Law

Page: 172

View: 8482


Many successful parents have spent their lives creating a financial bonanza for themselves, as well as their children and grandchildren. What they didn’t plan for are the unintended consequences that increased wealth brings. These include issues like entitlement and loss of work ethic among the rising generation, and increased potential for upsets, disputes, and strained relationships that can often progress to separation and even lawsuits. Richard M. Del Monte, CFP®, CWC, wealth consultant and author of ENDLESS INHERITANCE: Moving from Feuding to Flourishing in Your Affluent Family aims to help affluent families prepare for and prevent the destructive forces that wealth brings, and help them resolve all their conflicts, prepare the heirs to handle the wealth they will inherit, and create a scenario in which money becomes a tool to unleash and achieve the family’s greatest potential, now and in future generations. Seventy percent of affluent families fail at passing on wealth through the second generation, meaning the kids either squander all the money or wind up fighting with or suing each other. Written as a guide, ENDLESS INHERITANCE: Moving from Feuding to Flourishing in Your Affluent Family, outlines how to prepare the rising generation of a wealthy family—not just to inherit worldly goods, but to be engaged and contributing members of the family, to appreciate their shared history, resolve conflicts quickly before they escalate, and to be able to handle the responsibilities and opportunities that come with wealth. As a wealth consultant, asset manager, and trained specialist in family dynamics, Richard M. Del Monte outlines a plan of action supported by resources and exercises to empower parents and children alike to start the often difficult conversations needed to overcome poor relationships, lack of trust, and entitlement. The book addresses financial planning aspects wealthy families should consider, as well as the family’s interpersonal relationships and training that need to be addressed to ensure their wealth and family harmony last for generations.

The Dynamics of Inheritance on the Shakespearean Stage

2015-05-19
Literary Criticism

Author: Michelle M. Dowd

Publisher: Cambridge University Press

ISBN: 1316300749

Category: Literary Criticism

Page: N.A

View: 9169


Early modern England's system of patrilineal inheritance, in which the eldest son inherited his father's estate and title, was one of the most significant forces affecting social order in the period. Demonstrating that early modern theatre played a unique and vital role in shaping how inheritance was understood, Michelle M. Dowd explores some of the common contingencies that troubled this system: marriage and remarriage, misbehaving male heirs, and families with only daughters. Shakespearean drama helped question and reimagine inheritance practices, making room for new formulations of gendered authority, family structure, and wealth transfer. Through close readings of canonical and non-canonical plays by Shakespeare, Webster, Jonson, and others, Dowd pays particular attention to the significance of space in early modern inheritance and the historical relationship between dramatic form and the patrilineal economy. Her book will interest researchers and students of early modern drama, Shakespeare, gender studies, and socio-economic history.

German Inheritance and Gift Tax Reform 2009

2009-11-03
Business & Economics

Author: Carolin Braun

Publisher: diplom.de

ISBN: 3836637820

Category: Business & Economics

Page: 91

View: 2098


Inhaltsangabe:Introduction: Background and Subject of this Thesis: After long negotiations within the Grand Coalition (Große Koalition) and despite jurisdictional criticisms of numerous points, on 31st December 2008 the new inheritance and gift tax law (Erbschaftsteuerreformgesetz - ErbStRG) was published in the Federal Law Gazette (Bundesgesetzblatt), to become effective on 1st January 2009 just in time to avoid the need for retroactive regulations and the related discussions. This marks the end of the discussion about the future of the inheritance tax that has been started by the decision of the Federal Constitutional Court (Bundesverfassungsgericht - BVerfG) from 7th November 2006. The related uncertainity came to an end, at least for now. In its decision the Federal Constitutional Court states, that the discrepance between fair market value and valuation value for significant groups of assets (business assets, portions of coporations, real estate property and agriculture and forestry (AF) businesses) are violating the principle of equality of § 3 sec. 1 of the German Basic Law (Grundgesetz - GG). The legislative was obliged to define a new legislation in line with the constitution until 31 December 2008, latest. On 11 December 2007, the German Federal Government (Bundesregierung) finally agreed on a draft revision of the inheritance and gift tax law and the valuation law. The German Federal Parliament (Bundestag) passed the inheritance tax reform on 27 November 2008 in the 2nd and 3rd reading, during which the finance committee of the German Parliament (Finanzausschuss des Bundestages) made considerable changes to the original draft. The approval in the German Federal Council (Bundesrat) was obtained in the special session of the council on 5.12.2008, the approval of the Federal President (Bundespräsident) on 24.12.2008. Current Situation: In addition to the changes necessary for constitutional reasons, the central concern of the reform is to simplify business takeover by the successors. However, the legislator neither has had the courage to - as hoped by many - completely abolish inheritance taxation, not did he take the opportunity to perform a complete change of the inheritance taxation system which might become mandatory for constitutional reasons. The result is a compromise between of the various government parties: a law that amends the existing inheritance tax law on which it is based in a limited number of points. The new [...]

Claiming a Promised Inheritance

2022-09-08
Law

Author: Alexandra Braun

Publisher: Oxford University Press

ISBN: 0198757255

Category: Law

Page: 417

View: 7858


Renowned scholar of comparative private law Alexandra Braun examines the law of testamentary promises, details what happens when these promises are broken, and compares how and when the interests of beneficiaries of testamentary promises are protected across a number of legal systems.

Altered Inheritance

2019-09-17
Science

Author: Françoise Baylis

Publisher: Harvard University Press

ISBN: 0674976711

Category: Science

Page: 305

View: 494


With the advent of CRISPR gene-editing technology, designer babies have become a reality. Françoise Baylis insists that scientists alone cannot decide the terms of this new era in human evolution. Members of the public, with diverse interests and perspectives, must have a role in determining our future as a species.

My Spiritual Inheritance Study Guide

2005
Discipling (Christianity)

Author: Juanita Bynum

Publisher: Charisma Media

ISBN: 1591856108

Category: Discipling (Christianity)

Page: 192

View: 7424


"My Spiritual Inheritance Companion Study Guide's" 14-week lessons will help readers know when they've met their spiritual parents, understand the danger of false authority, and more.

Inheritance in Public Policy

1994-01-01
Political Science

Author: Richard Rose,Phillip L. Davies

Publisher: Yale University Press

ISBN: 9780300058772

Category: Political Science

Page: 288

View: 2681


Although politicians promise innovation and change when they run for office, once elected they face inherited commitments to programs initiated by their predecessors, legacies that severely limit their freedom of choice. In this book, the authors examine the ways in which decisions made by past generations of administrators control policy-making in the present.
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