by Christine | Mar 7, 2012 | Bequest, Foreign Income, Gift |
What about foreign inheritances? These rules aren’t so well publicized. As a result, you might be in a quandary what to do. There has been a recent spate of news regarding foreign accounts and foreign taxation, even in expatriation and becoming a foreigner. However,...
by Christine | Mar 6, 2012 | Estates, Trusts, Wills |
The dying wish of William Payne, one of the state's earliest settlers, created the nation's oldest charitable trust and eventually led tenants to build 167 cottages — most of them used by summer vacationers — on the land he left for the seaside city of...
by Christine | Mar 5, 2012 | Estate Planning, Trusts, Wealth Transfer |
Despite the bitter economic downturn, one part of the American dream is alive and well: the possibility of sudden wealth… Yet such life-changing windfalls can just as quickly vanish, say advisers who work with those who suddenly become wealthy. If you are setting up...
by Christine | Mar 2, 2012 | Asset Protection |
The IRS has significantly lowered the bar for innocent spouse relief. The rules of the game have changed. A spouse who was denied relief under the old rules should consider applying for innocent spouse relief under Notice 2012-8, provided the ten-year collection...
by Christine | Mar 1, 2012 | Estate Tax, Roth IRA |
A tax tsunami is coming at the end of this year. And this is the absolutely last chance for a massive Roth conversion. As you likely have read here or elsewhere, the end of 2012 and the transition to 2013 are likely to be a tumultuous time for taxes of all sorts....
