Choosing a Trustee: The Pros and Cons of Private Trust Company vs Professional Trust Company

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 […]

Choosing the Right Business Entity to Setup—A Key to Success

People decide to setup business entities for a variety of reasons. Some are starting or expanding a business. Some are purchasing rental properties. Others want to hold investment assets through them. The reasons are limitless. And no wonder people setup business entities, they can off many benefits, including: Business Entity Advantages Reaping these rewards, however, […]

Statutory Foundations: Asset Protection, US Taxation and Long-Term Wealth Benefits

With the US being a ‘common law jurisdiction’, it’s no wonder many Americans may be confused about foundations (and no, we’re not talking about *charitable* foundations like the Bill and Melinda Gates Foundation). This is because foundations are a concept derived from a ‘civil law jurisdiction’.

Bad Advice Has Dire Consequences When Foreigners Invest in U.S. Real Estate

A buddy of mine contacted me in a panic the other day. The top tier law firm he and his wife had engaged to assist with a large U.S. real estate acquisition dropped them in the middle of the transaction! WTF? Oh, as it turns out, they also failed to properly advise them on the […]

Top 7 Reasons You Should Setup a Dynasty Trust?

What is a dynasty trust?  A dynasty trust is special type of multi-generational trust designed to allow generation after generation to enjoy the benefits of the assets placed in the trust without incurring transfer taxes, such as gift and estate taxes. For U.S. based clients, it even avoids generation-skipping transfer taxes. And, if properly designed, […]