A $28 million offer for the institute's only substantial assets, the building and 12-acre property in downtown Napa, fell through in November.
After questions arose about the nonprofit center's substantial assets, the IRS and federal prosecutors in New York opened a tax evasion investigation.
It can result in an even higher estate tax bill for a family if, for instance, the noncitizen has substantial assets of her own outside the U.S. and plans to return to live in her native country some day.
The NDP owns substantial assets, reputedly worth as much as £100m, while other parties struggle to make ends meet.
In general, there is nothing shocking: All of the governors have substantial assets and income, about what we'd expect of middle-aged men and women who have had successful careers in finance or academia.
While no public explanation has been given, his death came in late September, as Olivant, the small investment company where he worked as chief operating officer, was confronted with the news that substantial assets it held at Lehman Brothers would not be recovered anytime soon because of the investment bank's bankruptcy.
The oligarch continues to hold substantial assets in the natural gas distribution sector, generally grouped under a holding firm named Gaztek.
In a family with substantial assets, the following, although luxuries for most people's lifestyles, may very well be considered "needs": country club membership, vacation home, private pool,..
In effect, Mr. Gibson could thus disburse his fortune through the trust without leaving substantial assets in an estate that would be shared with Lucia.
On a call with reporters Wednesday, Education Under Secretary Ted Mitchell said when there are institutions like Corinthian without substantial assets, the department will try to use enforcement actions to help students before the company collapses.
