Keeping a Home in One's Name Versus Transferring It
A widow asks about selling her $100,000 home or placing it in her children's names to minimize taxes. The adviser says no federal tax if she and her husband lived there for 3 of 5 years and notes a $600,000 lifetime exemption, but warns placing the home in children's names risks future liabilities and suggests keeping it in her own name.
MENTIONED IN THIS ARTICLE
Sauce
Knoxville
Tenn
Artice
Florida
Foreign stock funds lure in 1996 amid currency gyrations
Advisors push for weightier foreign stock exposure as 1996 nears. The article notes U S markets outperformed globally with 35 percent gains versus 9.4 percent in EAFE. currency volatility sharply affects dollar returns. It reviews Europe Latin America and Far East, highlighting devaluations, political risks, and mixed country results for U S investors.
MENTIONED IN THIS ARTICLE
United States
Europe
Australia
Far East
U.S
Latin America
Portugal
European
United Kingdom
GM may lease first electric car not sell EV1 in four markets
GM considers leasing the EV1, not selling, in Los Angeles San Diego Phoenix and Tucson as the first market rollout. Saturn spokesman and company officials say leasing aims to reduce uncertainty about resale value mobility and rapid tech changes while keeping options open on sales.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Saturn
Robert Tripolsky
Los Angeles
San Diego
Phoenix
Tucson
Ariz
Jury awards Santos 19.2 million in Chrysler minivan crash
A New Hampshire man, Paul J. Santos Jr., wins 12.8 million compensatory and 6.4 million interest plus about 15 thousand in punitive damages after his Plymouth Voyager crash killed his wife and three children. He claims rear brakes defection and Chrysler misconduct. Chrysler may appeal. defense cites driver fault and windshield issues.
MENTIONED IN THIS ARTICLE
Boston
Jurers
Chrysler Corp
Paul J. Santos Jr
Santos
Chrysler
Peter M. Durney
Suuucual Beuoul Wis Orv
New Hampshire
Franconia Notch Parkway
Leo V. Boyle
Robin
Christina
Paul
Peter
Boyle
Durney
Hong Kong group buys Beverly Wilshire Hotel
A Hong Kong consortium led by B.W. Hotel L.L.C. bought the Regent Beverly Wilshire in Beverly Hills for about 100 million dollars from Tokyo based Hotel Investment Corp. The group plans a 20 to 30 million renovation adding 110 to 120 rooms. The acquisition signals a shift by Hong Kong investors toward North American opportunities ahead of 1997.
MENTIONED IN THIS ARTICLE
Beverly Hills
Calif
Hong Kong
Donald Trump
Southern California
Beverly Wilshire
Hollywood
B.W. Hotel
L.L.C
Colony
Ambrose Cheung
E.W. Hotel L.L.C
California
Cheung
Vancouver, B.C
Wall Street investors wary of big market runup
Investors ride the Wall Street wall of worry as the Dow climbs over 500 points in a month. While some fear a pullback, analysts say fundamentals remain sound and exiting now may cost more than staying invested. Strategies include dollar cost averaging and timing only if funds are near-term need or tax-advantaged accounts permit.
MENTIONED IN THIS ARTICLE
Albert B. Crenshaw
Washington Post
Dow
World Trade Center
Ric Edelman
Edelman Financial Services
Fairfax
Wall Street
Also Mentioned on This Page
Bruce
W.H
Harrodsburg
Treasury Instruments
Smart Money
P.O. Box
Elfers
Bruce Williams
Sank A. Jones
Howard News Service
Switzerland
Peru
Art Spinella
CNW Marketing Research
Bandon
Ore
Spinella
Tripolsky
General Motors
John Smith
Hong Kong Group
Beverly Wilshire Hotel
Anos
Mary Malgoire
Margoire Drucker Inc, Money Managers
David Dondero
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