Residency in the Cayman Islands
By Buck Grizzel, Stuarts Walker Hersant Humphries
There are several options for residency in the Cayman Islands. These include the following:
Taxation of Trusts in Germany
By John Büttner, FPS
Trusts are often used as foreign vehicles. Regarding the German tax treatment, which shall be briefly outlined, it is, however, decisive as to whether a trust qualifies as a transparent or non-transparent vehicle. Such qualification is generally made based on the respective trust agreement, along with all other agreements linked to the trust. The more influence the Settlor has, the more likely it is that the trust is deemed to be transparent.
The Dispute Surrounding the Indirect Taxation of Italian Trusts
By Angela Cordasco, Loconte & Partners
The indirect taxation of trusts, with reference to inheritance and gifts tax, has not been a straightforward matter over the years.
Can You Dispose of Corporate Assets by a Will?
By Craig Ross, Pallett Valo LLP
The Ontario Court of Appeal says yes. It is now indisputably the law of Ontario that a testator who is the sole owner of a private company can dispose of the company’s assets by will.
Singapore as an Ideal Place to Set Up Family Offices
By Nikki Cheong, SingAlliance Pte Ltd
Asia has experienced a boom in wealth creation, largely in the last two generations, minting new UHNWIs at a faster rate, surging in demand to preserve family legacy and wealth.
IRS Provides Reporting and Penalty Relief for US Individuals with Tax-Favoured Foreign Trusts
By Ladidas Lumpkins, Prager Metis International LLC
Amidst the worldwide COVID-19 crisis, many US citizens who have worked abroad and paid into pension trusts may have missed a significant change made by the US Internal Revenue Service (IRS) on 02 March 2020. It is a change that will not only alleviate much of the tax-paperwork burden for those who have worked, or are working overseas, it eliminates the possibility of a minimum USD 10,000 fine for untimely or inaccurate reporting.
Family Offices: Optimising Operations and Opportunities
By Harry Cendrowski, Cendrowski Corporate Advisors LLC
As economies around the world return to some semblance of normalcy, it is a great time for the family offce and their advisors to evaluate the operations of the family offce to ensure they are keeping up with changing best practices and family expectations.
Wealth Planning for Professional Athletes: Special Tax Incentives in Italy
By Beatrice Molteni, Loconte & Partners
As commonly known, in Italy the sports industry, and especially soccer, represents an important source of wealth for the country.
Looking Forward: The Future of Philanthropy
By Simon Voisin, Forward Group Limited
The number of philanthropists continues to increase year on year, giving tens of billions to charitable and good causes, but with possible recession looming and the economic impact of the COVID-19 epidemic has it reached its peak; is it sustainable?
The Queen has a Gibraltar Trust
By Nathan Perez, Abacus Financial Services Ltd
Yes, only it’s not that queen that you’re thinking about. But still, if royalty thinks a Trust in Gibraltar is worth having, then that’s got to be a good start.
More Articles ...
- Running a Business as a Sole Proprietor? You Should Have an Estate Plan
- US Estate Tax Planning for Non-Citizen Spouses after the SECURE Act of 2019
- The Inheritance Conundrum
- Swiss Retrocessions
- This Pandemic Can Cause Drastic and Unexpected Changes, Are You Prepared?
- Estate Plan Activity Increases in Response to Pandemic
- Use of Hybrid Canadian Partnerships in Canadian Estate Planning
- Cross-Border Estate Planning and Succession
- Taxation of Distribution from “Opaque” Foreign Trusts Set Up in Blacklist Countries
- Use of Foreign Trusts in the UK
- Benefits of Investing in Uruguay
- Update on South Africa’s Consideration of a Wealth Tax Regime
- Mediating Probate, Trust, and Fiduciary Disputes
- Tax Implications of Beneficiaries of Foreign Trusts Moving to Germany
- Private Capital: New Trends in Private Clients’ Investments
- While Relinquishing One’s US Citizenship Can Mitigate Estate and Gift Tax Obligations
- Prevention of Risks that Threaten Family Assets
- The Present Affected by the Past
- Authority to Allocate Trustee Duties Among Multiple Trustees
- Successor Fiduciary Liability: When the Follower Must Be the Leader
- Inheritance Tax in the United Kingdom
- A Holistic View on Inheritance Planning (2)
- Can Cryptocurrency be Inherited?
- Trust Structures Catering to India-UK Family Office Investments
- UK Inheritance Rules: Changes Affecting Non-UK Resident Individuals
- How to Use the New Texts about Inheritance to Make Your Will
- Scottish Trusts are Different
- An Instrument for Asset Succession – The Family Pool
- Key Estate Planning Concepts for International Clients
- “…and they lived happily ever after?”
- Life Insurance in Luxembourg
- To gift, or not to gift
- Overview of Italian use and taxation of trusts
- New Zealand Foreign Trusts under the spotlight
- Islamic Trust (Endowment) or WAQF
- Saving Estate Taxes with an Irrevocable Life Insurance Trust
- Italy: An urgent call for estate planning
- College Supplies in Check: What about Critical Documents?
- Retirement planning needs detailed plans, not magic numbers
- The New UK Succession Rules – A Brief Overview
- Advanced Planning Will Minimize or Eliminate Estate Taxes
- Taxation of trusts and estates in Mexico
- Trust Letters of Wishes – a Trust Officer’s View
- Individual savings, personal pension plan… what’s new in the UK?
- Should I go should I stay? Should I buy should I sell?
- Key estate planning issues for foreign residents in Mexico
- U.S. tax deferral savings plan in Malta
- Royal Court Awaits Hastings-Bass Ruling
- Blocking a family member's involvement in a business
- Jersey Limited Liability Partnerships
- Important aspects of the amendments to the legislation on trusts proposed by the Panamanian Superintendence of Banks
- The Danish property market - the knot is untied, creating great opportunities for international investors
- The new tax regime of trusts in France
