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March 19, 2021

The tragic death of Olivier Dassault in a helicopter accident brings into focus how life can change—and end—in an instant, leaving families in shock and facing the difficult challenges of traumatic bereavement.

The tragic death of Olivier Dassault in a helicopter accident brings into focus how life can change—and end—in an instant, leaving families in shock and facing the difficult challenges of traumatic bereavement.

February 5, 2021

Statistics from the UK government’s tax office show the amount of Inheritance Tax (IHT) families are paying has soared from £2.9 billion ($3.9 billion) in 2011-12 to £5.2 billion ($7.1 billion) in 2019-20—this in part reflects the rise in asset values since 2008, and in particular skyrocketing property prices in London and the south-east of England.

Statistics from the UK government’s tax office show the amount of Inheritance Tax (IHT) families are paying has soared from £2.9 billion ($3.9 billion) in 2011-12 to £5.2 billion ($7.1 billion) in 2019-20—this in part reflects the rise in asset values since 2008, and in particular skyrocketing property prices in London and the south-east of England.

April 24, 2020

With the spread of Covid-19 bringing the UK housing market to a standstill and shaking financial markets across the world, families who have lost loved ones leading up to the outbreak of the pandemic, could be seeing some of their assets plummet in value. If inheritance tax has already been paid on those assets on the basis of their higher values in the pre-Covid world, an inheritance tax rebate could be due.

With the spread of Covid-19 bringing the UK housing market to a standstill and shaking financial markets across the world, families who have lost loved ones leading up to the outbreak of the pandemic, could be seeing some of their assets plummet in value. If inheritance tax has already been paid on those assets on the basis of their higher values in the pre-Covid world, an inheritance tax rebate could be due.

Shareholdings

May 23, 2014

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

A swift change of leadership at Mexican company Cemex following the sudden death of its fourth-generation chief executive and chairman last week highlights the importance of a solid corporate governance structure, says a family business expert.

Lorenzo Zambrano’s death from a heart attack in Madrid last Monday left directors with the task of replacing the man responsible for transforming Cemex’s regional operation into a global business.

January 16, 2012

Donald Schneider, former president and chief executive of trucking family business Schneider National, died on 13 January aged 76.

Donald Schneider, former president and chief executive of trucking family business Schneider National, died on 13 January aged 76.

Schneider, who joined the American transportation company while in high school, had Alzheimer’s disease, according to a statement.

November 7, 2011

John Randolph Hearst Jr, grandson of the founder of media conglomerate Hearst Corporation, died on 5 November aged 77.

John Randolph Hearst Jr, grandson of the founder of media conglomerate Hearst Corporation, died on 5 November aged 77.

Hearst, who was a trustee of the family’s foundation and a member of the family business’s board of directors, joined the media group in the 1950s. He began as a photographer for a newspaper owned by Hearst Corporation and later moved on to work within other newspaper divisions of the group.

February 11, 2011

Jean Paul Getty III, grandson of possibly the world’s first billionaire, oil tycoon Jean Paul Getty, has died aged 54.

Jean Paul Getty III, grandson of possibly the world's first billionaire, oil tycoon Jean Paul Getty, has died aged 54.

Beyond his famous surname, Paul Getty III is best known for being kidnapped in Rome at the age of 16 and held captive for five months before his grandfather, decided to pay the ransom.

January 24, 2011

Albert Heijn, the man responsible for turning his family’s Dutch grocery chain into the international retailing giant Royal Ahold, passed away on 13 January aged 83.

Albert Heijn, the man responsible for turning his family's Dutch grocery chain into the international retailing giant Royal Ahold, passed away on 13 January aged 83.

Heijn joined the family business in 1949 as a salesman, working his way up to become chief executive in 1962. The family business traces its roots back to 1887 when Heijn's grandfather started a grocery store in the Netherlands. Today, Ahold is among the biggest retail chains in the country with more than 800 outlets, and owns more than 3,000 supermarkets world-wide.

July 22, 2010

The Irving family, one of Canada’s foremost business families, has been dealt a blow with the death on Wednesday of John E (Jack) Irving, youngest son of revered industrialist KC Irving.

The Irving family, one of Canada's foremost business families, has been dealt a blow with the death on Wednesday of John E (Jack) Irving, youngest son of revered industrialist KC Irving.

The passing of the 78-year-old following a brief illness comes hours after it was confirmed that his nephew Kenneth was taking an indefinite leave of absence from Irving Oil, one of the Irving group of companies, for personal reasons.

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