Asset Protection Trusts: Current U.S. Tax Reporting Requirements

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Volume XXIII • Number 3 • November - December 2015 © 2015 Donlevy-Rosen & Rosen, P.A.    INTRODUCTION.  U.S. tax law imposes varied reporting requirements on trusts. The nature of these  requirements depends upon whether the trust is a foreign trust or a U.S. trust for U.S. income tax purposes. Note the use of the [...]

How to protect your assets for charitable beneficiaries

Individuals with significant net worth and charitable goals should consider an asset protection strategy to ensure that their charitable goals will be met. Our contingency fee legal system makes it relatively easy for a lawsuit – justifiable or not – to be brought against a “high value target”. Therefore prudent planning dictates asset protection to be certain that charitable and other dispositions will be made as desired.