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Subject:
Sir James Watt's Will (1878).
Category: Business and Money > Accounting Asked by: wythenshawe-ga List Price: $25.00 |
Posted:
19 Aug 2004 05:20 PDT
Expires: 05 Sep 2004 12:40 PDT Question ID: 389867 |
How far does a Will reflect a person's total wealth in the 19C. I'm looking specifically at the Will of Sir James Watts of Abney Hall who died in 1878. The Will lists the beneficiaries and then says the total for the Will is 'Under £20,000 (no leaseholds)'. Sir James Watts was of Abney Hall (Cheadle, Cheshire)which according to information on the web was built for £100,000 in 1848 and the founder of J & S Watts of Manchester which was also built for £100,000 in the 1850s. These are vast sums. Why aren't they relected in Sir James Watts' Will? | |
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There is no answer at this time. |
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Subject:
Re: Sir James Watt's Will (1878).
From: probonopublico-ga on 19 Aug 2004 05:42 PDT |
Were there any death duties in those days? And how old was he when he died? Maybe he gifted some away. Or maybe he was a beneficiary himself under some trust. Rich folk always have had smart ways of looking after their brass. |
Subject:
Re: Sir James Watt's Will (1878).
From: omnivorous-ga on 19 Aug 2004 10:38 PDT |
Wythenshawe -- Al Capone is by no means comparable, but you may find it interesting to see what happened to his wealth late in life, and how he managed to distribute it in order to reduce the taxable estate before he died: http://www.americanmafia.com/Feature_Articles_122.html Best regards, Omnivorous-GA |
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