The new law provides a $5million gift tax “exemption” for taxpayers. This means that a married couple can freeze up to $10million in assets without paying any gift tax. In addition, the currently depressed values of many assets enhance the potential benefit of this strategy.
Jan
03
Dec
21
Howard D. Rosen Interviewed on Asset Protection
Attorney Howard D. Rosen was recently interviewed by fellow attorney, Douglass Lodmell.
The complete interview is available to view at www.protectyou.com.
Jun
01
Why Pay More In Estate Taxes?
Most issues of the APN dealing with offshore trusts have focused on the use of such trusts for asset protection. Another, very important, use of a certain type of offshore trust is to effect an estate tax savings. This is accomplished by “freezing” the value of trust assets vis-a-vis the settlor’s estate at current values.
Jan
01
An Overview of Offshore Annuities
Contractual arrangements which qualify as annuities for U.S. income tax purposes provide a tax-deferred (not tax-free) environment within which investments can grow. “Tax-deferred” means that, as long as certain statutory and regulatory requirements are satisfied, no U.S. income tax will be imposed on the earnings and gains generated within the annuity contract.
Nov
01
Commonly Asked Questions About Asset Protection – Part Two
This is the second of two issues devoted to commonly asked questions about asset protection. Among the questions addressed last month were those relating to the significant protection afforded through the use of the family limited partnership.
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