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The appeals court, which issued its decision last week, carefully outlined the missteps of the Strangi family that caused the United States Tax Court to say Mr. Strangi's assets should have been taxed using the estate tax.
After the nuns ceased using the estate as its mother house, the diocese asked for the property back.
Professor Diamond notes that Thomas Paine advocated using the estate tax to provide a dividend to young people turning 21, to help them launch their careers, and to provide benefits for sick, disabled and elderly.
You cannot capture when they are ready to transact i.e. have a home offer accepted because by then it's too late as they generally get tied into using the estate agent's in-house mortgage brokers.
The executor is charged with using the estate's funds to pay any bills that the deceased had outstanding (such as utility or credit card invoices) at the time of his or her death.
Neighbors also said using the estate for commercial purposes in a residential area violated city law.
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The aristocracy borrowed money using the estates as surety, until the value of the neglected estates fell below the money borrowed against them.
The riding association had to persuade the state landmarks and parks commission to allow it to use the estate.
Francis has declined to use the estate, located in the hills south of Rome, preferring to stay in the Vatican even during the hot summer months.
It is now owned by the United States Golf Association, which uses the estate's main house — also designed by Pope — as a museum.
Brokers are being tight-lipped about prospective buyers, except to say they include celebrities from the music industry, bigwigs from the financial world and a union that would use the estate as a corporate retreat.
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