Perspective
May 3, 2011
Tips for Estate Planning in a Global Economy
In our global society, stay out of the Internal Revenue Service's cross-hairs with proper tax planning. By Laura A. Zwicker of Greenberg Glusker Fields Claman & Machtinger LLP
Do you own a vacation home in Mexico? Have a bank account in Hong Kong? Has your spouse retained Canadian citizenship? Are you a long-term U.S. resident who was born in the U.K.? Is your brother-in-law, who is a citizen and resident of Ireland, the successor trustee of your revocable trust?
Each of these scenarios raises complex tax issues that, without proper planning, could easily have disastrous and costly consequences. Stay out ...
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