Economist Gonzalo Bernardos states that Spaniards over 50, especially those who have inherited wealth, are in the best financial situation. He notes that 90% of middle-low class wealth in Spain comes from inheritance, contrasting with those under 40 who earn less and prioritize the present.
UP RERA has capped the flat transfer fee for legal heirs of unregistered properties at Rs. 1,000. For non-family members, the fee is capped at Rs. 25,000. This aims to curb exorbitant charges by developers and simplify the inheritance transfer process.
A legal challenge over the vulnerable northern brown argus has delayed a forestry plan at Todrig, where investor Gresham House wants to plant commercial trees. The case highlights rising demand for woodland as a tax-efficient asset for wealthy families.
Russia's Ministry of Finance plans to regulate cryptocurrency inheritance and its division during divorce proceedings. The government is also working on a bill to legalize crypto trading through licensed platforms under central bank supervision.
Taiwan's Ministry of Justice proposed amending inheritance laws to remove sibling inheritance rights, allowing individuals more freedom in distributing their assets. The amendment also strengthens provisions for those financially dependent on the deceased, enabling them to claim a share of the inheritance.
Taiwan's Ministry of Justice proposed inheritance law amendments removing siblings' "special portion" (特留分) of inheritance. The bill aims to prioritize spouses and direct descendants, introduce a "special contribution" mechanism for heirs, and provide support for siblings who were financially dependent on the deceased.
Taiwan's Ministry of Justice proposed amendments to the Civil Code's inheritance provisions, notably removing the forced share for siblings. The reforms aim to better reflect modern family structures and include mechanisms for special contributions and discretionary inheritance.
Yusuf Alekperov, son of Lukoil founder Vagit Alekperov, has been ranked as the richest heir of Russian billionaires by Forbes, with an estimated inheritance of $29.5 billion. The list also features heirs of other prominent Russian business figures.
A violent dispute between brothers over inheritance in Makhachkala was captured on video. One brother, 52, is detained and being interrogated after the incident at a local bus station.
Spain's UDEF police seized jewelry, watches, and bracelets from a safe in former Prime Minister Zapatero's office. His secretary claims the items are part of his wife's inheritance or travel gifts. The seizure occurred after Zapatero's imputation as the alleged leader of an influence peddling scheme related to the Plus Ultra airline bailout.
HMRC is facing criticism for significant delays in processing tax rebates and payments, leaving individuals like an 86-year-old father waiting months for substantial sums. Despite HMRC's claims of efficiency, multiple cases highlight long waits, financial hardship, and errors.
Japan faces a growing crisis with nearly nine million vacant homes, or 'akiya,' representing 13.8% of its housing stock. Factors include population decline, inheritance issues, urban migration, and a tax system that incentivizes keeping empty houses.
Jonathan Andic faces potential loss of his inheritance, estimated at over €2.7 billion, if convicted in his father Isak Andic's death case, due to Catalan Civil Code's 'successional indignity' provisions.
Australia's Labor government is consulting on potentially exempting future discretionary testamentary trusts from a new 30% minimum tax, following Coalition criticism of a "death tax". The government is also considering carve-outs for startups impacted by capital gains tax changes.
An IT expert, Nunzio Samuele Calamucci, stated that alleged spying on actor Ricky Tognazzi was for an inheritance dispute. A client of Equalize reportedly asked if Tognazzi had hidden money, leading to unauthorized access to his financial data in 2024.
Australia's budget proposes a 30% minimum tax on new discretionary trusts, exempting deceased estates and existing testamentary trusts. While critics label it a 'death tax,' experts argue it targets tax minimization, not inheritance value, though it may increase taxes on intergenerational wealth transfer.
Japan faces a growing crisis with 9 million vacant homes (akiya), driven by a tax system that incentivizes keeping dilapidated structures and complex inheritance laws that divide ownership among many heirs, making decisions difficult.
Assam CM Himanta Biswa Sarma announces introduction of Uniform Civil Code Bill in Assembly on May 26, exempting tribal customs and aligning with Gujarat, Uttarakhand, and Goa, aiming for uniform civil laws across communities.
Fraudsters exploit confusion or anxiety over new IHT rules by offering a ‘safe haven’ for savings potsThe caller pitches a great deal. Shift the moneysaved in your pension and reinvest it in a scheme overseas where you can avoid it being caught under next year’s changes to the UK’s inheritance tax (IHT) system.From April next year, any money left in a defined contribution pension after your death, which is most workplace and all private pensions, will be pulled into the IHT net. Continue reading...
The Lee family has completed payment of a 12 trillion won (£6bn; $8bn) inheritance tax bill, the largest such settlement in South Korean history. Chairman Lee Jae-yong and family members paid in six installments over five years following the death of late chairman Lee Kun-hee in October 2020.
Delhi High Court has frozen the Rs 30,000 crore estate of late businessman Sunjay Kapur, directing his wife Priya Kapur to disprove suspicions about the legitimacy of his purported will. Justice Jyoti Singh ordered the freeze until all doubts are settled, noting the plaintiffs—Sunjay's children Samaira and Kiaan from his previous marriage to actor Karisma Kapoor, and his mother Rani Kapur—had made a prima facie case for asset protection. The order restrains Priya from drawing from provident funds or operating foreign bank accounts and cryptocurrency assets. Sunjay died on July 12, 2025, after collapsing during a polo match in England.
Two victims of the Wang Fuk Court inferno dug through the ashes of their home, only to each discover about HK$100,000 (US$12,800) in charred banknotes, just two of many such finds as residents returned to the fire-damaged Hong Kong estate on Thursday. On the same day, several local storage companies offered free services to affected residents as a show of compassion and solidarity. Thursday marked the second day that residents of Tai Po’s Wang Tai House, one of the seven blocks severely damaged...
Samsung heirs are completing the final installment of their 12 trillion won (US$8.1 billion) inheritance tax this month, wrapping up five years of payments. The Lee family's combined wealth has climbed to US$45.5 billion as of March from roughly US$20.1 billion a year earlier, driven by an AI-driven upswing in semiconductor valuations. They are now Asia's third-richest family, up from 10th last year, cementing their control over Samsung.
The Supreme Court of India has urged reconciliation in a family inheritance dispute over the Sona Group family trust between widow Priya Kapur and her 80-year-old mother-in-law Rani Kapur. The court expressed concern over the prolonged nature of the dispute and asked parties to go for mediation, noting that extended litigation serves little practical purpose. Rani Kapur has challenged the validity of the Rani Kapur Family Trust, alleging it was set up fraudulently after she suffered a stroke in 2017, when her late son Sunjay Kapur and his wife allegedly took advantage of her vulnerable condition to transfer assets without her consent.
