Donald KozuskoSummaryGuidance on private trust companies was recently proposed by the U.S. tax authorities to address whether family ownership and participation in the governance of a trust company that is serving as trustee of the family's trusts would trigger unintended...
Taxation + Tax Planning: September 2008 Archives
Michael C. Durney Michael C. Durney Law Offices, Washington, D.C. For many years, there has been a widespread belief in European bank secrecy. A client of a bank was assured that his bank would not routinely pass...
Charles M Bruce Partner, Moore & Bruce, LLP Summary Viewing international estate planning broadly, the ideal approach takes advantage of a diversity of jurisdictions, so as to achieve the best results and preserve the most flexibility. Leaving...
Continue reading "Michael Collins, Dauphins and Other Approaches to International Estate Planning"
George P. Levendis Levendis Law Group Overview This listing is the first in a series of columns that Mr. Levendis will publish periodically in the online publication, Wealth Strategies Journal. Each article will be on a subject...
Continue reading "Federal Transfer Tax Law and the Recent and Coming Elections"
Donald Kozusko Partner, Kozusko Harris Vetter Wareh LLP, Washington, D.C. Summary The increase in the number and value of family trusts in the United States has been accompanied by an evolution, even revolution, in the ways in...
Continue reading " Choices: "Reciprocal Trust Doctrine Threatens Family Decision-making""
James E. McNair, Gregory J. Rupert, and Cynthia L. Gausvik, Eric C. Wang and William A. MacDonald On May 25, 2007, Congress unexpectedly made changes to Internal Revenue Code ("Code") Section 6694, which imposes penalties upon accountants, lawyers, and...