DIRS.INFO The most relevant business & tech news

☆ 'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis
▼ + stars: | 2024-11-22 | by ( Hugh Son | ) www.cnbc.com time to read: +9 min

Morris, like thousands of other customers, was snared in the collapse of a behind-the-scenes fintech firm called Synapse and has been locked out of her account for six months as of November. Then she learned how much Evolve Bank & Trust, the lender where her funds were supposed to be held, was prepared to return to her. The crisis started in May when a dispute between Synapse and Evolve Bank over customer balances boiled over and the fintech middleman turned off access to a key system used to process transactions. Synapse helped fintech startups like Yotta and Juno, which are not banks, offer checking accounts and debit cards by hooking them up with small lenders like Evolve. But that would've required more coordination between Evolve and the other lenders that held customer funds than what ultimately happened.

Persons: Oscar Wong, Kayla Morris, Morris, Andreessen Horowitz, Jelena McWilliams, Zach Jacobs, there's, Yotta, Adam Moelis, they've, Jacobs, Andrew Meloan, Meloan, I've, ” Zach Jacobs, McWilliams, McWilliams didn't, Rayburn, Tom Williams, hadn't, Judge Martin Barash, Natasha Craft, they're, Andreatte Caliguire Organizations: Evolve Bank & Trust, Synapse, Evolve Bank, ., CNBC, FedEx, Evolve, Deposit Insurance Corp, U.S, FDIC, Trump, Federal Reserve, Federal Deposit Insurance Corporation, Financial, Prudential Regulators, Megabanks, Depository, CQ, Inc, AMG, Lineage Bank, American Bank, Indiana FedEx Locations: Texas, Tampa , Florida, Yotta, Chicago, California, Mishawaka , Indiana

☆ Alex Jones and his allies are desperately trying to stop the sale of Infowars to The Onion
▼ + stars: | 2024-11-19 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

New York CNN —Conspiracy theorist Alex Jones has sued a court-appointed bankruptcy trustee and the families of some of the Sandy Hook victims in an attempt to stop the sale of his media empire Infowars to the satirical news outlet The Onion. The one other competing bid, at $3.5 million, came from First United American Companies, which is affiliated with Jones and operates his lucrative online nutritional supplements store. Jones’ lawsuit comes after First United American Companies also filed an emergency motion to stop the sale. First United American Companies said that it was not made aware of the winning bid amount and did not have the opportunity to increase its offer. Federal bankruptcy Judge Christopher Lopez, who is overseeing the case, harshly questioned an attorney for the trustee about the auction rules.

Persons: Alex Jones, Sandy Hook, Jones, Christopher Murray, ”, Infowars, ” Jones, Murray, ” Murray, Christopher Lopez, “, ” Lopez, Tetrahedron, Lopez Organizations: New, New York CNN, Court, Southern, Southern District of, Global, First United American Companies, First United, Companies, United, Federal Locations: New York, Southern District, Southern District of Texas, Connecticut

A company tied to conspiracy theorist Alex Jones filed Monday to dispute the sale of the Infowars website to the parody site The Onion, calling it improper and unfair. In the morning, First United American Cos., a limited liability company that runs Jones’ online supplements store, filed an emergency motion to disqualify the winning bid of The Onion’s parent company, Global Tetrahedron,’ to purchase the Infowars media empire and other assets. The company running Jones’ online store had placed a competing bid against The Onion to purchase the estate. Infowars was briefly shut down after the sale was announced, NBC News reported, but it has resumed operating since. The proceeds from the sale of Infowars and Jones’ other assets will go toward his estate creditors, including the families of Sandy Hook victims.

Persons: Alex Jones, Cos, Jones, ’, Sandy Hook, FUAC, ”, “, Infowars, ” Jones, Elon Musk, Donald Trump, Ben Collins —, ” Collins, InfoWars Organizations: Global, NBC News, X Corp Locations: United, Connecticut, Infowars

☆ Behind The Onion's bid for Alex Jones's Infowars — which is now on hold as a judge reviews it
▼ + stars: | 2024-11-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Onion's bid for Infowars came together with help from Sandy Hook families. On the surface, The Onion's announcement that it had purchased Alex Jones's Infowars at auction on Thursday may have sounded like a bizarre joke. But behind the scenes, the bid came together through strategic coordination — with the support of Sandy Hook families and a nonprofit that is backed by Michael Bloomberg. "The sale is currently underway, pending standard processes," Collins told Variety Friday in a statement. Advertisement"They've long loved The Onion," Collins told Yahoo, nodding to a headline the outlet publishes verbatim every time there's a mass shooting.

Persons: Infowars, Sandy Hook, Ben Collins, Alex Jones's Infowars, Michael Bloomberg, Collins, Alex Jones, Jones — who'd, Christopher Lopez, weren't, Lopez, Variety, John Feinblatt, who've, Bloomberg Philanthropies, Elon Musk's X, Jones Organizations: Yahoo, NBC, First United, Companies, Southern, of Texas's, Bloomberg News, Safety, ABC News, Bloomberg, Business, Variety, Free Speech Systems Locations: Texas

The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the far-right, conspiracy-minded website that served as Jones’ primary online platform. The Onion plans to shutter Jones’ Infowars and rebuild the website featuring well-known internet humor writers and content creators, according to a person with knowledge of the sale. About an hour and a half after the announcement of the sale, Infowars' website was shut down. Details of Wednesday’s auction, including how much was offered for Free Speech Systems, the parent company of Infowars, and related assets, were not immediately known. “All you leftists celebrating the end of Alex Jones and Infowars, you’re fools,” he said.

Persons: Alex Jones, Jones, “, ” Jones, Infowars, Sandy, Sandy Hook, Chris Mattei, divesting Jones, John Feinblatt, Ben Collins, Collins, Christopher Murray, ”, Jeff Lawson, InfoWars Organizations: U.S, First United American Companies, Free Speech Systems, Sandy Hook Elementary, Gun Safety, NBC News, Onion News, ThreeSixty, Bankruptcy, Southern, Southern District of, Global, Onion staff, O Media, Speech Systems Locations: Connecticut, Texas, Winnebago, Austin , Texas, Southern District, Southern District of Texas, Sandy Hook, Newtown , Connecticut, “

Diamond Sports moved closer to exiting bankruptcy on Thursday after a bankruptcy judge approved its reorganization plan, which slashes the hefty debt load that toppled the company. The green light is a significant milestone for the owner of regional sports networks, which has been under bankruptcy protection since March 2023. It presented its reorganization plan to the court with a standing objection from the U.S. The reorganization plan that received court approval on Thursday will see Diamond's debt load cut from nearly $9 billion to $200 million. Diamond is now unencumbered by legacy debt, financially stable and enthusiastically supported by new ownership," Diamond CEO David Preschlack said in a release Thursday.

Persons: Jose Siri, Dansby Swanson, Travis d'Arnaud, Diamond, David Preschlack Organizations: Major League Baseball's Houston Astros, Atlanta Braves, Diamond Sports, Amazon, Major League Baseball, U.S ., Diamond Locations: Truist, Atlanta

Bidders interested in acquiring the media company founded by conspiracy theorist Alex Jones will battle it out at a bankruptcy auction Wednesday, potentially silencing his Infowars broadcasting platform for good. "All you leftists celebrating the end of Alex Jones and Infowars, you're fools," he said. Jay Westbrook, a University of Texas bankruptcy law professor, said the ultimate goal would be to earn a "maximum return for the victims." Jones, 50, founded Infowars, which operates under Free Speech Systems, in 1999. "Despite the judgment, Alex Jones still has a First Amendment right to speak his mind and continue to speak about anything he wants," he said.

Persons: Alex Jones, Jones, Sandy, Infowars, Roger Stone, Donald Trump, Elon Musk, Christopher Murray, Sandy Hook, Jay Westbrook, Callie Kalny, Roy Gutterman Organizations: Free Speech Systems, Elementary, ThreeSixty, Associated Press, University of Texas, Center of Media Psychology, Northwestern University, Musk, U.S, Bankruptcy, Southern, Southern District of, Sandy Hook Elementary, Speech Systems, Syracuse University, Center, Free Locations: Winnebago, Austin , Texas, Infowars, Southern District, Southern District of Texas, Newtown , Connecticut, Connecticut, Texas

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Kissinger was deeply respected in China and continued to meet with its leaders as an unofficial diplomat in efforts to promote warmer relations between the two countries. Just months before Kissinger died in November 2023, he met with Chinese President Xi Jinping in Beijing in July 2023. They may not reach the same impact as Kissinger, given the more complex period, he said, though they could help stabilize relations. Cook and Schwarzman also regularly visit leaders in China, where they are often highlighted by Beijing as examples of positive China-U.S. business and trade relations.

Persons: Elon Musk, Donald Trump, Anna Moneymaker, Elon, Kissinger, Scott Kennedy, Henry Kissinger, Xi Jinping, Tesla, Li Qiang, Wang Yiwei, Wang, Musk's, Musk, Joe Biden, Biden, Trump, Wang Huiyao, Tim Cook, Blackstone, Stephen Schwarzman, Cook, Schwarzman, Dewardric Organizations: Getty, White, Economics, Center for Strategic, International Studies, U.S, SpaceX, Renmin University, CNBC, Trump, Center for, Longview Global Locations: Butler , Pennsylvania, Beijing, China, Washington, imploding, U.S, Center for China, Dewardric McNeal

☆ Trump promised no taxes on Social Security benefits. It's too soon to plan on that change, experts say
▼ + stars: | 2024-11-06 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

On the campaign trail, Republican presidential candidate Donald Trump made a notable promise to retirees: No taxes on Social Security benefits. Any changes to Social Security would require at least 60 Senate votes, and Republicans would therefore need some Democratic support to pass those changes. "It's hard for me to imagine that Democrats would be willing to provide votes to get over that 60-vote threshold and weaken Social Security solvency," said Charles Blahous, senior research strategist at the Mercatus Center at George Mason University, who has also served as a public trustee for Social Security and Medicare. The Trump campaign has pushed back on those findings, calling the Committee for a Responsible Federal Budget "consistently wrong" in a statement to CNBC when the report was released. The Social Security trust fund used to help pay retirement benefits is projected to run out in 2033, according to the program's actuaries.

Persons: Donald Trump, Trump, Charles Blahous, — Organizations: Presidential, Convention Center, Republican, Social Security, Senate, George Mason University, Medicare, Finance, Budget, CNBC, program's Locations: Palm Beach, West Palm Beach , Florida, U.S

☆ Alex Jones fighting attempt to sell his social media account rights in Infowars auction
▼ + stars: | 2024-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

U.S. Bankruptcy Judge Christopher Lopez in Houston said a proposed order regarding the potential sale of the social media accounts that preserved Jones’ right to sue over ownership later was unclear, and tentatively scheduled another hearing in a week. Despite the pending loss of his company, Jones has vowed to continue his talk shows through other means, possibly including a new website and his personal social media accounts. He also has suggested that Infowars’ assets could be bought by his supporters, allowing him to continue hosting his show as an employee under the Infowars brand in the company’s home city of Austin, Texas. The trustee argued that social media accounts of influencers, celebrities and political personalities have become valuable assets, and that Jones’ accounts have drawn particular interest from multiple parties in buying them. If sold, Jones’ attorneys said litigation would depend on who purchased them.

Persons: Alex Jones, Sandy, Jones, Christopher Murray, Christopher Lopez, ” Lopez, “, Jeff Kowalsky, ”, ” Jones, ” Vickie Driver, ” Driver, Sandy Hook, Jones ’ Organizations: Elementary, Free Speech Systems, Infowars, Convention, Huntington, Getty, Alex Jones NWO Locations: Infowars, Houston, Detroit, Mich, AFP, Austin , Texas, Newtown , Connecticut, Texas and Connecticut

☆ Elder financial harm prevention: How to protect a loved one in cognitive decline
▼ + stars: | 2024-10-23 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +10 min

[As in] ‘You’re not paying your bills!” said Steven Rubin, a certified elder law attorney and partner at Drazen Rubin. Why having a customized power of attorney is beneficialIt’s easy enough to download a standard power of attorney form from the internet. But that doesn’t mean the elderly person, if cognitively able, can’t also maintain control over their finances. Other ways to help a loved one avoid financial pitfallsHaving powers of attorney is the most comprehensive way for you to address potential problems with your loved one’s financial behaviors or spot if they’re being scammed. If scammers have been calling frequently, you might consider changing your loved one’s phone number, if you have powers of attorney, Rubin said.

Persons: ”, Judith Flynn, “, doesn’t, Jonathan Canick, ” Canick, ‘ You’re, Steven Rubin, Drazen Rubin, Rubin, you’ve, Flynn, that’s, cognitively, can’t, “ It’s, ” Flynn, It’s, parent’s “, won’t Organizations: CNN, Research, Falco & Associates, National Academy of Elder, Consumer Financial, Bureau, Facebook, National Institute, Aging

☆ Investors are piling into real estate as values skyrocket by up to 38%. 13 metros with the highest gains, and 25 that are plunging.
▼ + stars: | 2024-10-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Mortgage rates stayed high despite rate cuts, attracting cash-heavy investors to the housing market. AdvertisementDespite the central bank cutting interest rates, mortgage rates haven't followed suit. RedfinBut whether they're buying or selling, investors have been doing quite well regarding capital gains, says Elijah de la Campa, a senior economist at Redfin. Below is a list of the 39 major metro areas in descending order of median capital gains over the past year into June. What stands out most to de la Campa is that many areas with the highest capital gains are affordable, particularly Philadelphia and Warren, MI.

Persons: —, Lily Katz, Katz, Elijah de la, Campa Organizations: Providence, Service, Investors Locations: Cities, San Jose, Denver, Oakland, San Jose , CA, Portland, Oakland , CA, Providence , RI, Philadelphia, Warren , MI

☆ Pennsylvania Republican House candidate touts union ties in must-win race
▼ + stars: | 2024-10-17 | by ( Emily Wilkins | ) www.cnbc.com time to read: +4 min

watch nowIn his campaign's TV ads, Pennsylvania Republican House candidate Rob Bresnahan talks about being a third-generation union contractor. It's not surprising for a candidate in northeastern Pennsylvania to trumpet their union ties. Support from unions is critical in Pennsylvania, where union members make up 14.1% of the state, according to the Bureau of Labor Statistics. SCRANTON, PENNSYLVANIA - OCTOBER 09: Rob Bresnahan, Republican nominee for Pennsylvania's 8th Congressional District, takes the stage during a Republican presidential nominee, former U.S. President Donald Trump campaign rally at Riverfront Sports on October 09, 2024 in Scranton, Pennsylvania. At the Sheet Metal Workers Local 44 Union Hall in Wilkes-Barre in early October, local union leaders frequently referred to Cartwright as a "friend."

Persons: Rob Bresnahan, Matt Cartwright, It's, Bresnahan, Donald Trump, Sen, JD Vance, Cook, Pennsylvania's, Michael M, Cartwright, Trump, Keshia Williams, He's, " Cartwright, Tom Williams Organizations: Pennsylvania Republican, Democratic, Republican, Bureau of Labor Statistics, White, Senate, NBC, Cook, Congressional, Riverfront Sports, Santiago, Getty, . Census, Sheet Metal Workers, SEIU, Teamsters, AFL, CQ, Inc, Cq Locations: Pennsylvania, Ohio, SCRANTON , PENNSYLVANIA, Scranton , Pennsylvania, Wilkes, Barre

Longtime friends and neighbors fell out of touch and in some cases died, leaving the couple more isolated and vulnerable. Not long before he met the Davises, Maw pitched a local businessman on investing in his engine business. In the Davises, he had met a couple who had sizable bank accounts and an impressive car collection. The buyer also said he paid more for LaDonna’s property than for two larger buildings on the same street.) The Davises' property on Holt Avenue in West Covina.

Persons: James, LaDonna, ”, Michael McCasland, Min Zaw Maw, Maw, “, Javier Puga, ” Puga, Ladonna’s, Frank Piro, Piro, Amis, didn’t, McCasland, Davis, Min Maw, “ Maw ingratiated, ” McCasland, Rich Schapiro, Diana Homeier, ” Homeier, ” Maw, Maw “, LaDonna Davis, Moe, Gilbert Amis, ” Amis, Brett Hitchman, ” Piro, ” LaDonna, Min, Juan Dotson, Dotson, Michael Ebiner, ” Ebiner, ’ ”, Gus May, Hitchman, ” Hitchman, LaDonna “, Ebiner, breathlessly, Stacey Wood, Wood, ’ Organizations: Powertek Engineering Group, Pacific Western Bank, Citizens Business Bank, NBC News, McCasland, Holt, St, NBC, Nascar, Google, Protective Services, Center, Adult Protective Services, ”, Public Guardian, West, West Covina police, Bank of America, Scripps College Locations: Holt, Myanmar, Arcadia, LaDonna, West Covina, Vincent, St, Upland, Calif, Angeles County, McCasland, Los Angeles

☆ The AV1 robot is helping sick children attend school
▼ + stars: | 2024-10-03 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

For young people undergoing long-term treatment or struggling with mental health issues, Norwegian company No Isolation developed the AV1 robot, which can take a child’s place in class, serving as their eyes, ears, and voice, and helping them stay connected with their classmates. “They make the child important”The UK’s Chartwell Cancer Trust has a supply of 25 AV1 robots it provides to children with serious illness. Founding trustee Michael Douglas told CNN that the robots enable children to stay engaged with their education even while in intensive care. Last August, No Isolation rolled out AV1 Academy, a library of training materials and resources aimed at improving the usability of the robot. “Removing that pressure to be on camera, we’ve seen, increases the likelihood of the robot being used for students with emotionally based school avoidance,” Salisbury said.

Persons: it’s, ”, Florence Salisbury, Salisbury, Markus Haner, ” Salisbury, AV1, Michael Douglas, “, we’ve Organizations: CNN, Cancer, Moulsham High, Digital Health, AV1 Academy Locations: Germany, Warwickshire, England, Japan, Salisbury

☆ Alex Jones' empire is getting stripped for parts. It won't be the last of him.
▼ + stars: | 2024-09-26 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Read previewAlex Jones' conspiracy theory empire Infowars will be sold off for parts to pay off a fraction of his massive court judgments — but it likely won't be the end of the far-right commentator. In a court hearing on Tuesday, a Texas bankruptcy judge announced that he will approve the auctioning off of Infowars' parent company, Free Speech Systems, which Jones fully owns, according to The Associated Press. The auction is a result of Jones agreeing in June to liquidate his assets after both he and Free Speech Systems filed separately for bankruptcy in 2022. Advertisement"It's very cut and dry that the assets of Free Speech Systems, the website, the equipment, the shopping cart, all that, can be sold," Jones said. The bankruptcy trustee overseeing Jones' assets said in court this week that some potential buyers have already expressed interest in getting a piece of Free Speech Systems, NPR reported.

Persons: —, Alex Jones, Jones, Sandy Hook, CNN —, he'd, it's, Infowars Organizations: Service, Free Speech Systems, Associated Press, Business, ThreeSixty, Speech Systems, CNN, NPR Locations: Texas, Sandy

☆ Judge to approve auctions liquidating Alex Jones' Infowars to help pay Sandy Hook families
▼ + stars: | 2024-09-25 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

Jones’ personal social media sites, including his account on the social platform X, which has 2.8 million followers, would not be included. Murray also is expected to sell many of Jones’ personal assets. The Sandy Hook families who won the Connecticut lawsuit want Jones to lose his personal social media accounts. It’s unclear how much money would be raised by selling Infowars and Jones’ assets, and how much money the Sandy Hook families would get. If the debt is found to be valid, that could reduce any amount the Sandy Hook families ultimately get from the liquidations.

Persons: Alex Jones, Sandy, Christopher Lopez, Jones, “, ” Jones, Sandy Hook, ”, Jones ’, Lopez, Christopher Murray, Murray, Christopher Mattei, “ Alex Jones, ” Mattei, —, PQPR, wasn’t Organizations: Elementary, Free Speech Systems, Systems, PQPR Holdings, Speech Systems Locations: Houston, Austin , Texas, Newtown, Connecticut, Texas and Connecticut

☆ Alex Jones’ conspiracy theory empire Infowars will be sold for parts to help pay Sandy Hook families
▼ + stars: | 2024-09-25 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

Anyone can place a bid for Infowars, including its dubious dietary supplement store, and use the property for any reason. Nothing would prevent him from continuing to broadcast under a new owner, although he would still need to pay off the debt he owes the Sandy Hook families with any earnings he may receive. There’s also nothing stopping Jones from continuing to speak about the Sandy Hook massacre or the families. The only way Jones would be prevented from speaking about Sandy Hook entirely is through a separate settlement with the families. But even if all of Jones’ personal intellectual property is sold off along with Infowars, it’s unlikely to make more than a small dent in the amount he owes the Sandy Hook families.

Persons: Alex Jones ’, Jones, Sandy, Christopher Mattei, Sandy Hook, Alex Jones, ” Mattei, There’s, “, ” Jones, ” Organizations: New, New York CNN, Free Speech Systems, Elementary, ThreeSixty, Systems, Infowars Locations: New York, Texas, Connecticut, Sandy

☆ Bird Photographer of the Year 2024: Surfing penguins and hunting falcons among winning images
▼ + stars: | 2024-09-24 | by ( Nell Lewis | ) edition.cnn.com time to read: +3 min

CNN —An image of a peregrine falcon chasing a butterfly, a vulture feasting on a black bear and a surfing penguin are among the winning images of Bird Photographer of the Year 2024. “We create this impactful display to honor the lives lost and increase public awareness,” Homonylo said in a statement. Will Nicholls, director of Bird Photographer of the Year, told CNN that the competition allows people to view things they may not be able to see for themselves. The title of Young Bird Photographer of the Year was awarded to 14-year-old Spanish photographer Andrés Luis Domínguez Blanco for a vivid image of a nuthatch — a small bird similar to a woodpecker — scrambling down an oak tree in Grazalema in southern Spain. The images cover a huge range of species, environments and behaviors – some are comedic while others carry a serious message.

Persons: Patricia Homonylo, Homonylo, ” Homonylo, Will Nicholls, ”, Young, Andrés Luis Domínguez Blanco, Paul Sterry Organizations: CNN, Initiative, Awareness, Birds, BirdLife International, Bird Locations: Canadian, Toronto, Grazalema, Spain

☆ How rich Americans use life insurance to save on taxes and protect their kids' inheritance with this neat trick
▼ + stars: | 2024-09-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

But there is an alternative to a fire sale: They can use life insurance to foot the bill with a neat trick. Instead of owning a life insurance policy directly, they take out a policy and put it inside a trust. The irrevocable life insurance trust (ILIT) collects the death benefit, pays the tax bill, and distributes whatever is left according to the insured individual's wishes. For an ultra-rich taxpayer with a $10 million life insurance policy, using an ILIT could save $4 million in taxes. Make sure you're getting a life insurance policy that makes financial sense.

Persons: —, Sam, Robert Strauss, Weinstock Manion, Dan Griffith, Griffith, Strauss, it's, ILITs, Kate Maier Organizations: Service, Business, Huntington Bank, IRS

☆ Can you can leave your estate to your pet?
▼ + stars: | 2024-09-14 | by ( Alexandra Peers | ) edition.cnn.com time to read: +5 min

CNN —Some people really do leave money to their pets. Estate attorneys told CNN they’re seeing more incidences of people making financial plans for their pets after they die. Twenty-nine states have enacted pet trust laws since 2008, and now every state, plus Washington, DC, has some form of guidelines, according to the American Society for the Prevention of Cruelty to Animals. However, if a person names a guardian for their pet, they can leave money and property to that person. dpa/picture alliance/Eventpress/SipaFlorida attorney Peggy Hoyt, author of “All My Children Wear Fur Coats,” told CNN she urges her clients to leave comprehensive instructions for pet caretakers.

Persons: Karl Lagerfeld, Chanel, ”, “, can’t, Leona Helmsley, Helen Neafsey, —, Leona Helmsley’s, it’s, Majel Barrett, Roddenberry, Gene Roddenberry, Karl Lagefeld, Choupette, Lagerfeld, Peggy Hoyt, Leslie Ann Mandel, Arthur Herzog III, Danielle Mania, ’ Organizations: CNN, American Society for, Karl, Palazzo Italia, Hamptons, Associated Humane Societies Locations: Washington, Greenwich, Conn, New York, Asia, Shanghai, Berlin, Germany, Sipa Florida, New Jersey

☆ Special needs trusts bring peace of mind to aging parents
▼ + stars: | 2024-09-13 | by ( Hannah Frances Johansson | ) edition.cnn.com time to read: +17 min

Because of her disability, Rachel doesn’t work. The SNT is in place to pay for unmet needs and enhance his quality of life after his parents die. Unlike SNTs, ABLE accounts can be owned and accessed directly by the person with the disability. However, like first-party SNTs, ABLE accounts may be subject to Medicaid payback after the individual with a disability dies. Like her mother, Rachel Tung has a love for San Francisco, its arts and its culture.

Persons: Linda Tung, Rachel, Tung, Tung’s, Rachel doesn’t, we’re, ” Tung, “, David Goldfarb, ” Goldfarb, they’re, ”, Stephen Dale, Amin Muhammad Amy Tessler, Scott, ” Tessler, Tessler, ” Dale, You’re, Goldfarb, ” Hall, Dale, Sabrina Padillo, —, Padillo, she’s, ” Padillo, fiduciaries, “ We’re, Tesslers, Scott ., SNTs, “ I’ve, Alisa Ferguson, Virginia’s, haven’t, ” Ferguson, Rachel’s, Rachel Tung, “ She’s, Amin Muhammad Mother, “ I’m, ” Rachel, … Everything’s, Hannah Frances Johansson, Amin Muhammad Organizations: Berkeley , California CNN, Population, Mercy, Hall Law Firm, Lawyers, Dale Law, Children, Housing, The Dale Law Firm, Services, San, Rehabilitation Care, Golden State, Trust, Alliance, Legion, de, Academy of Sciences, University of California, Graduate School of Journalism Locations: Berkeley , California, San, Golden, “, San Francisco, Dale, Pacheco , California, Sunflower, California’s East Bay, Oakland, Sunflower Hill, San Diego, Thailand, Berkeley, Santa Cruz, de Young, Castro

☆ Body of final person missing from sunken superyacht found off Sicily
▼ + stars: | 2024-08-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Divers on Friday found the body of the final person missing after a luxury yacht sank off the coast of northern Sicily, the Italian fire service said. Eighteen-year-old Hannah Lynch, daughter of British tech entrepreneur Mike Lynch, is the last person still unaccounted for, out of six people that went missing after the superyacht Bayesian sank suddenly during a violent storm in the early hours of Monday morning. Recaldo Thomas, a Canadian-Antiguan national who was working as a chef onboard, was confirmed dead earlier this week.

Persons: Hannah Lynch, Mike Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Clifford Chance, Chris Morvillo, Neda Morvillo, Recaldo Thomas, Angela Bacares Organizations: Italian Corps, Firefighters Locations: Porticello, Palermo, British, Sicily, Canadian

☆ Murdoch family battle highlights Nevada's secret trust boom
▼ + stars: | 2024-08-13 | by ( Robert Frank | ) www.nbcnews.com time to read: +6 min

The Murdoch family feud taking place in an obscure Nevada court highlights the state’s surging popularity as a global center of family trusts and a friendly home to the world’s biggest fortunes. The Western state’s fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. At the center of the Murdoch case is the Murdoch Family Trust, which holds the powerful voting shares in News Corp. and Fox Corp. that effectively control the companies. (The trust also contains the family farm in Australia, the Murdoch art collection and its Disney shares.) “Normally a family would have some ties in Nevada to establish trust, either living here or having real estate,” Tyrell said.

Persons: Murdoch, ”, Steven Oshins, ” Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Rupert Murdoch, Lachlan, James, Elisabeth, Prudence, it’s, Rupert, Elyse Tyrell, Tyrell Law PLLC, Rupert Murdoch —, It’s, ” Tyrell, “ Organizations: IRS, Division, Trust, News Corp, Fox Corp, Disney, The New York Times, Street Journal, Fox, Henderson , Nevada . Trust Locations: Nevada, “ Nevada, South Dakota, Tennessee , Delaware, U.S, Australia, Henderson , Nevada

☆ Murdoch family battle highlights Nevada’s secret trust boom
▼ + stars: | 2024-08-13 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The Murdoch family feud taking place in an obscure Nevada court highlights the state's surging popularity as a global center of family trusts and a friendly home to the world's biggest fortunes. The Western state's fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. Yet experts estimate the state likely has hundreds of billions of dollars in trust assets locked away in nondescript office buildings or trust companies, offering little to no visibility to the outside world. In the race among states to attract the hundreds of billions of dollar in new trust assets, Nevada has a comfortable lead. Perhaps its most powerful advantage, and the one with direct bearing on the Murdoch case, is trust flexibility.

Persons: Rupert Murdoch, Lachlan Murdoch, Drew Angerer, Robert Frank, Murdoch, Steven Oshins, Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman Organizations: News Corp, Fox News, Century Fox, Allen & Company Sun Valley Conference, Getty, IRS, Division Locations: Sun Valley , Idaho, Nevada, South Dakota, Tennessee , Delaware, U.S

Search resuls for: "Trustee"

25 mentions found