Experienced trusts and estates attorneys consistently observe how proper planning can mean the difference between a thriving legacy and a fragmented enterprise. For family-owned life insurance businesses, the stakes are...more
7/17/2025
/ Beneficiaries ,
Business Ownership ,
Buy-Sell Agreements ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Family Limited Partnerships ,
Gift Tax ,
Irrevocable Life Insurance Trusts ,
Life Insurance ,
Limited Partnerships ,
Succession Planning ,
Tax Planning ,
Trusts ,
Wills
Increasing demand for transparency and tax rules focused on the ownership of foreign financial accounts and interests in foreign trusts and entities affect private wealth planning. There are steps you can take to comply with...more
11/10/2022
/ Data Privacy ,
Disclosure Requirements ,
FBAR ,
Financial Crimes ,
FinCEN ,
Foreign Bank Accounts ,
Foreign Entities ,
Foreign Financial Accounts ,
Limited Liability Company (LLC) ,
Partnerships ,
Reinstatement ,
Reporting Requirements ,
Revocable Trusts ,
Transparency ,
Trusts ,
U.S. Treasury ,
Wealth Management
$50,000 or $2.72 million? Those are the penalty amounts for the non-willful failure to timely file to report foreign financial accounts at issue in U.S. v Bittner, which will be argued before the U.S. Supreme Court in...more
10/6/2022
/ Beneficiaries ,
Dual Citizenship ,
Failure to Report ,
FBAR ,
Foreign Bank Accounts ,
Foreign Financial Accounts ,
Grantor Trusts ,
IRS ,
Mutual Funds ,
SCOTUS ,
Trustees