As the world becomes a global community, it is no longer uncommon for married couples to maintain different citizenships. While a difference in citizenship alone can present complications from a tax perspective, another set of challenges arises. When a noncitizen spouse separates from the US spouse, returns to live in the home country, and then […]
When establishing a trust, you must give serious thought to who you choose as your successor which is the person who will manage, invest, and hand out the trust’s accounts and property once you are no longer able to do so. This individual ideally should be someone you trust absolutely; someone who is organized, responsible, […]
The death of iconic celebrities can sometimes impact us deeply because it reminds us of our shared humanity. With celebrities passing, we realize that death is an equalizer. It also reminds us of the importance of estate planning to protect a person’s money and property. Estate planning is not reserved for those with large amounts […]
For decades, common financial planning wisdom has encouraged almost all American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most states, protect your savings from claims of creditors. And by and large, […]
