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Una's grandson, former Hawaii Attorney General Michael A. Lilly and his wife Cindy Walter were the last members of the Walker family to live on the estate. In 1989, two years after Una's death, the house and its 5.86-acre (23,700 m 2 ) grounds were sold by the Walker heirs to Masao Nangaku of Minami Group (USA) Inc. for $8.5 million.
Alexander & Baldwin, Inc. is an American company that was once part of the Big Five companies in territorial Hawaii. The company currently operates businesses in real estate, land operations, and materials and construction. It was also the last "Big Five" company to cultivate sugarcane.
In 2010 there is no federal estate tax unless Congress acts. An estate that exceeds that value will pay tax on that excess at a rate of 45% under current law. [74] Naturally, this rate is a huge inducement among many with substantial wealth to use various estate planning devices to reduce or eliminate the effect of the tax for their family.
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Once an instrument affecting the title to real estate has been recorded, the law holds that everyone is deemed to know of its existence, even if they have not searched the records in the recorder's office. This is the doctrine of "constructive notice" and it is nearly universal in the various states of the U.S. So, for example, after a deed or ...
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