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, […]

Can I Put My Money In Foreign Trusts?

It’s a question I get asked nearly every day. The answer depends on your relationship with America. If you are a US citizen, green card holder, or resident alien… the answer is NO. Foreign trusts, foundations, and companies will generally NOT provide significant (if any) tax savings. US taxes do NOT work like you see […]

Why Should I Set Up a Trust or Foundation?

They say death and taxes are the only certainties in life. But under the right circumstances, a custom trust or foundation can negate one. It’s unsettling but planning for your own death won’t make it come any quicker. In my experience, most clients actually feel great relief after their trust or foundation is formed and […]

Dangers Of Tax Planning

Not long ago, it was rather easy to use Special Purpose Vehicles (SPVs) and other arrangements to facilitate international transactions and obtain the desired tax outcome.  But times have changed.  The Economic Organization for Cooperation and Development (OECD) has achieved significant influence over the international tax system. They’ve convinced almost 100 countries to sign on […]

How To Receive Money From a Trust: Three Less-Traditional Strategies

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 […]