No one likes to think about dying — and that is probably one reason most Americans lack wills. Fewer than half of American adults (42 percent) have a will, according to a survey published this week on Caring.com, a website that offers resources for older Americans and their caregivers. The most common excuse given for not… Read more »
If Thomas Jefferson can create an asset protection trust for his daughter and son-in-law, why can’t you for your children? As you read a section of Thomas Jefferson’s will dated March 17, 1826, copied and pasted below, you will see that he essentially considered Thomas Mann Randolph, his son-in-law, bankrupt, but still wanted to provide… Read more »
In July 2015, Congress, who is currently loosening accountability standards for businesses, now requires you and me, the common man and woman US citizens to be burden with additional accountability rules impairing the enjoyment of inherited property. If you are a common man or woman citizen who inherits property that is to be reported on… Read more »
This blog post is written for US professionals assisting foreign investors. Foreign investors and their advisors, however, should still read this blog post to understand issues foreigners will experience. Please note that “foreigner” refers to a person who is not a US citizen. This blog post focuses on the advantages of international wills for foreigners purchasing… Read more »
There are significant changes to FBAR filing dates that will affect you in the coming years. FBAR (or FinCEN Form 114, Report of Foreign Bank and Financial Accounts) is a report filed with the Financial Crimes Enforcement Network (FinCEN) advising of financial accounts a U.S. person owns or has signatory authority held outside the U.S. with… Read more »
Since we are probate and trust litigators, and CPA tax and accounting experts, we as Estate Planners know the hurdles you and your family faces when incapacity strikes or after the death of a loved one. We have seen a lot of what happens when care is not taken in designing and implementing estate planning… Read more »
