Jurisdictional Diversification

Jurisdictional Diversification

Jurisdictional Diversification Jurisdictional Diversification is a reality for most people whether they know it or not.  If you have family members or property or business interests in more than one place, you are dealing with more than one jurisdiction.  Most of the time, such jurisdictional diversification happens by accident.  We just go where we go…

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Fraudulent Conveyance

Fraudulent Conveyance

What is a Fraudulent Conveyance? First, a fraudulent conveyance has nothing to do with “fraud” per se.  A fraudulent conveyance is an asset transfer that is voidable.  In other words, the transfer can be undone or clawed back in order to satisfy a creditor’s claim.  “Clawing back” a transaction is like pulling a nail out…

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Expat Estate Planning

Expat Estate Planning

The expat lifestyle as a certain allure and mystique. Entertainment media serves up a stereotype image of wealthy Americans living the good life in far away places. The physical and emotional disconnect with the U.S. that expats find enjoyable also triggers huge problems for Expat Estate Planning. There seems to be a growing number of…

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Statements of Wishes

Statements of Wishes

STATEMENTS OF WISHES IDENTIFYING VALUES, CREATING INCENTIVES, ESTABLISHING POLICIES Statements of Wishes Statements of Wishes, or what is sometimes called a Letter of Wishes, have long been used in international trusts and off-shore planning.  Historically they derived from Testamentary Trusts. For decades, we have used them with inter vivos trusts or living trusts and irrevocable dynasty trusts.…

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