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Renorming divergent perpetuities
convergence in distribution perpetuity stochastic difference equation
2011/7/19
We consider a sequence of random variables $(R_n)$ defined by the recurrence $R_n=Q_n+M_nR_{n-1}$, $n\ge1$, where $R_0$ is arbitrary and $(Q_n,M_n)$, $n\ge1$, are i.i.d. copies of a two-dimensional ra...
Renorming divergent perpetuities
convergence in distribution perpetuity stochastic difference equation
2011/9/6
Abstract: We consider a sequence of random variables $(R_n)$ defined by the recurrence $R_n=Q_n+M_nR_{n-1}$, $n\ge1$, where $R_0$ is arbitrary and $(Q_n,M_n)$, $n\ge1$, are i.i.d. copies of a two-dime...
Tax planning: avoiding the rule against perpetuities with foreign-based trusts - why, how and whether
Perpetuities deferred taxes trusts the rule avoiding the rule
2010/10/18
It is not uncommon for the interests and desires of those who plan the disposition
of their estates to become entangled with principles of property and probate law not
originally intended to thwart ...