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4 ways wealthy families are trying to head off heftier estate taxes under a Biden administration

Finance
Tom Merton | OJO Images | Getty ImagesWith the election less than a week away, the phones are ringing off the hook for estate planning attorneys and accountants.That's because wealthy families fear that an overhaul of the estate and gift tax exemption — the amount of assets they can transfer without a 40% levy — is just around the corner."For tax nerds, it's like our Super Bowl," said Alison Hutchinson, managing director at Brown Brothers Harriman in New York. "There are lots of conversations with people who are interested in getting everything set up and ready to go."In 2018, the Tax Cuts and Jobs Act roughly doubled the amount wealthy individuals could transfer either over their lifetime or in a bequest without being subject to the 40% estate or gift tax. In 2020, it's sitting at $ 11.
Trying to get hired amid the pandemic? Here are some tips

Trying to get hired amid the pandemic? Here are some tips

Finance
A Japanese male businessman typing on a laptop computer.kazuma sekiWhether you were looking for a new job before the coronavirus pandemic hit or have lost your job because of it, one thing is clear: Getting hired now isn't going to be so easy. "We're seeing a lot of interviews rescheduled or canceled," said Emily Slocum, global head of client services at GQR, an employment agency. "A lot of our candidates are frustrated."Yet there are still new positions opening up every day, Slocum said. CNBC spoke with hiring experts about how to land a job even as the global health crisis shuts down businesses and forces employees to stay home. Take advantage of downtime Most of us have a little more downtime these days: Use some of it to update your resume and LinkedIn pro...
10 celebrities trying to cheer us up amid COVID-19 pandemic

10 celebrities trying to cheer us up amid COVID-19 pandemic

Entertainment
As the coronavirus outbreak continues to affect people around the globe, celebrities are turning to social media to cheer up fans.From health and hand-washing advice to much needed light relief, stars are offering their words of wisdom on COVID-19. Image: Liam Gallagher, Madonna and Ben Stiller offer advice on COVID-19 Here are 10 celebrities sharing their thoughts on the pandemic.Danny DeVito, Robert De Niro and Ben StillerThese three Hollywood stars have teamed up with New York governor Andrew Cuomo to urge Americans to "stay home and save lives". ...
Rape and murder suspects shot dead ‘after trying to steal police guns’

Rape and murder suspects shot dead ‘after trying to steal police guns’

World
Four men suspected of raping and killing a female vet have been shot dead by police after they allegedly tried to snatch officers' guns.They were in custody and had been taken to the scene of the murder early on Friday for a crime reconstruction. Police said the suspects died in "cross-fire" after they attempted to snatch the weapons.Senior officer Prakash Reddy told reporters: "While the reconstruction and investigations were on, one of the accused signalled to the others and tried to escape."They then tried to snatch weapons from the guard and fired on the police. They were killed in the cross-fire." Advertisement Two policemen were injured in the shooting. The 27-year-old rape victim's burned body was di...