Funding a trust or foundation can be scary. A primary concern often being, “how do I get money out so I can live as I desire?” It’s an understandable question and a critically important matter to get right. A trust or foundation must be properly structured to achieve the asset protection and tax benefits you […]
A common concern for those looking to set up a trust or foundation is who will control it after their death. Poor planning can lead to trust or foundation assets being managed or distributed against the settler’s wishes. Thankfully, there’s a lot of flexibility in planning who will control your trust or foundation after your […]
Many people rightfully wonder who may be a beneficiary of a trust? Fortunately, the answer is relatively straight forward. In most jurisdictions, virtually anyone can be a beneficiary (family, friends, charities, corporations). Pets and animals may even be beneficiaries in some jurisdictions. Additionally, most jurisdictions allow you to add and remove beneficiaries over time (assuming […]
It amazes me how often people contact me with the same magnificent tax planning strategy. They want to setup a company in a no- or low-tax jurisdiction and route revenue to it while actually operating it from wherever they live.