The death of any person with cross border assets and family members is especially challenging. Many foreign countries impose worldwide inheritance taxes and may apply statutory inheritance laws. These laws impact how the assets are distributed and taxed. The US also has a framework for the Tax and Transfer of Assets which will apply to the worldwide assets of any US citizen, resident, or green card holder.
We provide a comprehensive planning service for entrepreneurs at every stage of their venture, including providing very early support and planning around business set up and shareholder planning to supporting the business owners after a major liquidity event or an exit.
Developing a formal strategy around your giving can be an important part of your financial plan. As the tax rules can change, regularly reviewing your strategy with your tax and financial advisors is also important.
Have you caught cryptocurrency fever, or are you at least wondering what it’s all about? Odds are, you hadn’t even heard the term until recently. Now, it seems as if everybody and their cousin are getting in on it.