Reportedly, about 70% of all Americans who live outside the United States have a problem with the country’s taxation scheme.Bottom line: They don’t think they should be required to pay taxes at all. There are approximately 9 million Americans residing...
Month: July 2020
Perceived need for estate planning haste during an uncertain time
A recent national media piece on estate planning notes the general angst that many individuals across the country feel these days owing to the current health pandemic.Admittedly, coronavirus is a scary thing. Its arrival was unexpected and its anticipated tenure...
Avoid the gift tax in life and minimize conflict after your death
Parents who want to avoid disputes after their passing have at least one great option that they can use to do prevent them. It's a simple solution: giving gifts while they're still alive.While parents may want to leave inheritances to their children, it's a good idea...
IRS projecting compliance and a tough enforcement stance
A recent Forbes piece spotlighting the Internal Revenue Service notes news of recent years stressing a progressively weakened tax agency. The IRS is increasingly portrayed as a handcuffed agency featuring a steady reduction of agents/examiners, a decreased audit rate...
Some thoughts on wealth transfer across generations
We continue today with subject matter we introduced and generally touched upon in a recent blog post. Namely, that is asset transfer from one generation to the next, a topic that understandably commands special relevance for families with above-average asset...
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Even a fortune can disappear without sound estate planning
Some figures baffle.Like the speed of light. Like the age and size of the universe. And like estimates pegging the personal fortunes of America's richest families.Consider this imagery relevant to the storied Vanderbilt family for a moment: a pile of money equaling...
Broad, measured thinking out of the box promotes sound estate planning
"You own this." Those words might sound frightening to a would-be California estate planner, but they are actually meant to promote a feeling of empowerment rather than intimidation. It is no secret that legions of...
Remarrying couples unquestionably need to focus on estate planning
Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new realities.Don't be one of them. Many remarrying California individuals fail to timely consider and update existing estate plans to reflect new...
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