death dutiescorporate economybusiness structureanticipatory actionThis paper will examine Estate Duty(ED) and its impact on the structure of smaller British businesses. ED was one of the most controversial and wide-ranging taxes ever imposed in the UK. It was the first substantive tax on capital....
If you can't die in a state with no estate tax or no inheritance tax, then at least die in one that has a very high estate threshold before these taxes kick in! Although taxes are astronomically high in California, one positive is that it has no estate tax upon death. As it turns ...
Planning for your estate to be properly administered after your death is especially important if you: have legal residency in Mexico; own a home in Mexico; hold a bank account(s) in Mexico; have savings and investment plans in Mexico; own a company in Mexico; hold any trusts in Mexico; ...
The couple kept the property and paid the real estate taxes all along, hoping at some point maybe they would move back to Massachusetts or gift the lot to one of their three adult sons so they could someday build a home here. The lot is now likely worth north of $1 Million. At some...
“You have to make sure that you don’t stay more than 182 days per year in the Netherlands or have kids in school here. Like New York State chasing after people who move to Florida, the Dutch government will try to find any excuse it can to continue collecting taxes. But it is ...
HEALTH CARE: A WORK IN PROGRESS: LOOK FOR NEW TAXES AND BENEFIT CHANGES AS THE LAW ROLLS OUT FAR FROM BEING THE LAST word, the Supreme Court's decision on the health care reform law set off a flurry of activity. States, employers and insurers are scrambling to prepare for the next phas...
Tony designates himself to be the trustee of the trust during his lifetime, giving him control of the assets while he is alive. However, he designates his nephew to be the successor trustee after Tony’s death, meaning that his nephew is responsible for preserving the assets for the benefici...
even if you don't have substantial assets.Wills ensure property is distributed according to your wishes(if drafted according to state laws). Some trusts help limit estate taxes or legal challenges. However, simply having a will or trust isn't enough. The wording of the document is critically...
STRAHLER, STEVEN RCORFMAN, THOMAS A
Minimizing legal expenses and taxes Assessing wealth preservation The Bottom Line You should have a solid estate plan in place to ensure that your loved ones receive your assets without delay or hassle after your death. Before hiring a prospective estate planning attorney to craft your estate plan...