Estate Planning for Non-U.S. Citizens

by Matt O’Kane and Jason Palmisano

The laws governing the U.S. estate and gift tax system are complex.  For Non-U.S. Citizens, the U.S. estate and gift tax system is more onerous and requires a much higher degree of awareness.   We recently hosted a seminar discussing several issues Non-U.S. Citizens face in transferring their asset to their loved ones and providing strategies to minimize U.S. transfer taxes, including: read more

“Accidental” Tax Break Could Provide Big Opportunity

By Jason Palmisano

What do Mark Zuckerberg of Facebook and Sheldon Adelson of Las Vegas Sands Corp have in common? For one, they are highlighted on the Forbes “America’s Richest People” list. MSN has also reported that both are taking advantage of a tax loophole called the Grantor Retained Annuity Trust (GRAT) which allows wealthy Americans to direct excess earnings to their heirs without incurring the consequences of the 40 percent federal estate and gift tax. read more