💼 Luxury Brand Hermes Heir is leaving it all to his Gardener?

August 15, 2024

In a move that may surprise many, the heir to the luxury Hermès empire, Nicolas Puech, is reportedly planning to adopt his 51-year-old former gardener. While this story might sound unusual, it highlights an important estate planning strategy that many wealthy individuals are exploring when leaving assets to friends or extended family members.

In the United States, adult adoptions can serve as a strategic approach to reduce inheritance taxes and ensure that trusted individuals are taken care of. Like Puech, who values the loyalty and understanding his gardener has of his household, many are choosing to legally secure their legacy with those who have been by their side.

https://fortune.com/.../hermes-heir-planning-adopt-51.../

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