Essential Estate Planning for HNWIs: Secure Your Legacy

Estate planning is an important aspect of financial planning, yet many high-net-worth individuals procrastinate with it. There are several reasons why this might be the case, including a lack of understanding of the benefits of estate planning, a belief that estate planning is only for the wealthy, and a lack of time or interest in […]

U.S. Tax Implications for Foreign Corporations and Trusts

When it comes to setting up a foreign corporation or trust to avoid paying U.S. taxes, it’s important to understand that the reality is not as simple as it may seem in the movies. While it is true that certain structures, such as offshore corporations and trusts, can provide some tax benefits, it is not […]

Trustee Selection: Private vs Professional Trust Companies

When it comes to managing a trust, one of the biggest decisions you will have to make is choosing a trustee. Two popular options for this are using a private trust company or a professional trust company. Each option has its own advantages and disadvantages, and it’s important to consider your own needs and preferences […]

Asset Protection Trusts: Domestic vs. Foreign Insights

When it comes to protecting your assets, there are a variety of options available. One of the most popular choices is a trust. Trusts can be used for a variety of purposes, but one of the most common is asset protection. In this post, we will explore the advantages and disadvantages of domestic and foreign […]

Tax Guide: U.S. Non-Taxability of Foreign Gifts and Inheritances

When it comes to taxes, receiving a gift or inheritance from a nonresident alien can be a confusing subject for U.S. citizens and residents. However, it’s important to understand that these types of transfers are not subject to tax in the United States, as long as certain conditions are met. First, it’s essential to understand […]

Tax Guide for Investing In Foreign Corporations CFC, Subpart F, GILTI and Form 5471

Investing in a foreign corporation can have significant tax consequences for U.S. taxpayers. In this blog post, we will discuss the tax implications of investing in a foreign corporation, including controlled foreign corporation (CFC) rules, subpart F income, Global Intangible Low Taxed Income (GILTI) and the requirement to file Form 5471. First, let’s define a […]