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☆ The ultrawealthy can take loans to save millions on estate taxes. Here's the exclusive tactic they deploy to protect their inheritance.
▼ + stars: | 2024-07-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

Currently, a 40% federal estate tax applies to estate values topping $13.61 million for individuals and $27.22 million for married couples. When someone dies, their heirs have nine months to file a federal estate tax return if their inheritance meets those minimums. Here's how a Graegin loan could work in practice, according to Doyle:Related storiesHeirs of a $10 million estate could be on the hook for $4 million in federal estate taxes. The taxable estate is $1 million less, which means the family will save $400,000 in estate taxes considering the 40% tax rate. More households will be on the hook for estate taxes, and loans to pay them could become more popular.

Persons: —, Sam, Jere Doyle, Jose Reynoso, Doyle, Eric Mann, Neal Gerber Eisenberg, overallocated, Mann, John F, Koons, Robert Strauss, Weinstock Manion, Strauss, haven't Organizations: Service, Business, Mellon Wealth Management, Clarfeld, Wealth, IRS, Pepsi, Republican

☆ A top European software investor raises $700 million — defying the venture capital slump
▼ + stars: | 2023-09-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Dawn Capital, one of Europe's biggest backers of business-to-business software companies, raised $700 million in two new funds — doubling down on its bid to find technology champions in the region at a time when venture capital funding for tech startups has dwindled. "For us, the LP [limited partner] side, even those that weren't building programs in venture where lots of people felt historically, 18 months ago, they ought to be allocating a lot more to venture," Gubbins told CNBC in an interview. That meant a lot of funds could only reup with existing managers or those with high convictions." "It's the same as in those cycles where there is still capital out there, there are still investors investing. Dawn Capital plans to invest in 20 companies with the new funds, which is the firm's fifth to date.

Persons: Capital, Hannah Gubbins, Gubbins, Dawn Organizations: PayPal, Visa, Dawn Capital, CNBC, Capital, Dawn Locations: London

☆ Why desalination won't save states dependent on Colorado River water
▼ + stars: | 2023-01-27 | by ( Emma Newburger | ) www.cnbc.com time to read: +8 min

The Colorado River wraps around Horseshoe Bend in the in Glen Canyon National Recreation Area in Page, Arizona. "Ocean water desalination has tremendous allure," said Robert Glennon, a professor emeritus of law and water policy scholar at the University of Arizona. Pipes containing drinking water are shown at the Poseidon Water desalination plant in Carlsbad, California, U.S., June 22, 2021. The cost of water is highSince desalination is a drought-resistant process, some have argued that states with such facilities could make themselves less dependent on water from the Colorado River. That's significantly more than the amount the San Diego County Water Authority pays for water sourced from the Colorado River and the Sacramento San Joaquin River Delta.

☆ With Great Salt Lake at rock bottom, lawmakers aim for rescue
▼ + stars: | 2023-01-21 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. He Can Be Reached At Evan.Bush Nbcuni.Com. | ) www.nbcnews.com time to read: +4 min

Water volume on the Great Salt Lake has dropped by more than two-thirds since pioneers once settled the Salt Lake Valley. Much of the lake surface is now exposed. Photographs of empty marinas and the cracking crust of the lake’s surface often illustrate the lake’s decline. The rivers and streams that feed The Great Salt Lake are overallocated, which means farmers and other water users collectively have rights to more water than what typically flows through each year. Spencer Cox last November closed the Great Salt Lake basin to appropriations for new water uses, effectively capping the line of water users wanting to use what flows into the lake.

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