Tag: trusts
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Offshore Trusts and Foundations
A Comprehensive Guide Offshore trusts and foundations have long been effective tools for wealth management, offering attractive benefits such as enhanced asset protection, tax planning opportunities, and estate planning solutions. This guide offers a comprehensive understanding of how these structures work, their key differences, and how they can be used in offshore wealth management. Understanding…
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South Dakota Trust Law for Asset Protection
A South Dakota Trust is a powerful tool that helps to plan for death, reduce taxes, and manage assets. You will need a legal professional to help you navigate all the applicable trust laws and legal frameworks. But the financial benefits and asset protection it provides you and your family are usually worth the legal…
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Regulations Call Out Beneficial Ownership of Trusts and Life Insurance
The past global trend has been that life insurance or trusts based plans were set up offshore for the purpose to be an after tax contribution savings plan financed and administered through either an insurance company or trust company arrangement. In today’s automatic exchange of financial information annually reported they are not acknowledged tax and…
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New Tax system is hostile to Trusts
The tax system is generally hostile to foreign trusts. The hostility is understandable– trusts interfere with the government’s ability to impose or collect tax. As a result, the laws are slanted against foreign trusts. Income is taxed punitively. The right paperwork must be prepared “just so” and filed on time, or massive penalties can result.…
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Why Family Feuds Erupt After The Will Is Read
Sibling Rivalries And Old Grudges Can Surface When Money Is On The Line, Family Wealth Guru Says The recently deceased don’t always ingratiate themselves with their survivors when it comes time to read the will. “People want to control things from the grave, not just throw a bunch of money in a beneficiary’s lap,” says…
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What a Trust Can Do
A trust may be created for any purpose that is not illegal or void as against public policy. A trust can hold title to and invest in real estate, cash, stocks, bonds, negotiable instruments and personal property. Trusts can provide care for minor children or the elderly; or pay medical, educational or other expenses. A…