by Christine | May 10, 2012 | Estate Planning, Estate Tax, Exit Tax, Expatriation, Retirement Planning |
U.S. citizens or long-term residents who expatriate after June 16, 2008, are treated as having sold all their worldwide property for its fair market value the day before leaving the U.S. As far as the IRS is concerned, permanently leaving the country is something on...
by Christine | May 9, 2012 | Estate Planning, Estate Tax |
Death and taxes may be equally inevitable, but the taxman demands the last word. Death does not excuse a final accounting with the IRS. In fact, taxes can further complicate the lives of survivors. Of the two certainties in life – that is, of death and of taxes –the...
by Christine | May 8, 2012 | Estate Planning, Religion |
For many people, estate planning isn't just about financial assets and other practical concerns. It's also about honoring their religious beliefs and passing those values on to family members. That can be very tricky ground. Planning your estate may seem like...
by Christine | May 7, 2012 | Disinheritance, Estate Planning |
The motives for cutting a relative out of an estate range from the most primal — hate, abandonment, regret — to the most rational. Planning what to leave behind to loved ones can be a difficult matter since, even with taxes out of the picture, it means explaining your...
by Christine | May 4, 2012 | Dynasty Trust, Estate Planning, Generation Skipping Trust, Trusts |
Generation-skipping trusts, also known as dynasty trusts, are designed primarily to avoid estate taxes each time one generation transfers wealth to the next generation. For a number of reasons, the government seems to think that family wealth ought to pass from one...
