Substance addiction is by no means rare, impacting as many as one in seven Americans. Because of its prevalence, navigating a loved one’s addiction is actually a relatively common topic in everyday life. But you should also consider it when working on your estate planning. Whether the addiction is alcoholism, drug abuse, or behavioral like gambling, […]
Read More »Reuters – Google to pay $334 million to settle Italian tax dispute
This article is courtesy of Reuters: “Alphabet Inc’s Google has agreed to pay 306 million euros ($334 million) to settle a tax dispute with Italy, the company and the country’s tax authority said on Thursday.
Read More »How a Community Property Trust Could Save You From Heavy Taxation Down the Road
When it comes to your family’s legacy, every dollar you can save from tax collection counts. One way to keep your assets out of the hands of the IRS is the formation of community property trusts. How does a community property trust (CPT) work? CPTs save you money on taxes by adjusting or “stepping up” […]
Read More »Daily Mail – Daughter sues her ‘self-involved’ mother for ‘frittering away more than $13m of her inheritance
Enjoy this article from Daily Mail: “A Long Island mom has been accused of selling the properties bequeathed to her daughter in order to fund a lavish lifestyle, including buying expensive cars and a Hamptons mansion.
Read More »STEP – IRS rule on undervalued transfers of family businesses would “harm legacy planning”
Interesting Article courtesy of STEP:
Read More »Estate Planning for Young Adults
People in their 20s often do not think that they need to worry about estate planning. They plan to live much longer, so they believe there will be time to get an estate plan later. However, you never know when tragedy can strike, so it is important that 20-somethings get estate plans.
Read More »Check Your Estate Planning List Twice
Dwelling on estate planning may seem like a bit of a downer. Now is as good a time as any to take stock of your personal finances and also make sure you have done some proper estate planning. Having your affairs in order will lift a huge burden off your family that would otherwise face […]
Read More »STEP – Jersey calls on UK peers to block public registers
Enjoy this article from STEP: “The UK’s House of Lords is being urged to reject opposition amendments to the UK’s Criminal Finances Bill 2017, which would force British Crown Dependencies and Overseas Territories (CDOTs) to establish publicly accessible registers of company beneficial ownership as early as 2019.
Read More »STEP – BC Government Enacts New Exemption and Refunds For Foreign Entity Tax
The following article was provided to us by STEP: “On March 15, 2017, the BC Government issued Order In Council 152/17 (the “OIC”), which creates a retroactive exemption from the 15 percent Foreign Entity Tax (the “Tax“) for foreign nationals applying for permanent residency under BC’s Provincial Nominee Program, and provides refunds for certain purchasers who […]
Read More »Does a Dynasty Trust Make Sense for Your Family?
Earlier this year, NBA team owner Gail Miller made headlines when she announced that she was effectively no longer the owner of the Utah Jazz or the Vivint Smart Home Arena. These assets, she said, were being placed into a family trust, therefore raising interest in an estate planning tool previously known only to the […]
Read More »