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Money and Finances
Reply to "Net worth over $20 million"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It feels low and also I have no idea how this data could even be collected, to be honest. Net Worth includes so many holdings that are not reported to any governing body in a given year unless they are/become taxable (which many are not until a specific event).[/quote] You can tell someone’s net worth after they’ve died. [/quote] Only if their estate goes through probate, and no one with 8 figures NW goes through probate.[/quote] You are literally required to calculate net worth in someone’s estate when they die if it is large enough. They need to file an estate tax return. [/quote] I wasn’t aware estate tax returns were publically available [/quote]
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