Offshore
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.…
Read MoreMulti-National Planning
In today’s world, multinational planning is not just a luxury for the few. It has become a necessity for many. Citizens of the modern economy live, play, do business and own assets in more than one place. Few of us live in the same location where our parents lived, and our children are going to expand…
Read MoreExpatriation Exit Tax
Expatriation – Giving Up Your U.S. Citizenship Is a Taxing Experience Multi-national planning can include deciding choosing where you will be a citizen. Sometimes the tax grass appears greener on the other side of the proverbial fence. Jump the fence and giving up your U.S. citizenship, can trigger an Expatriation Tax. There are three tests that…
Read More