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Author: Tony

[vc_row][vc_column][vc_column_text] Non-Resident Successor Trustee.             While it is legally permissibleto name a foreign person (such as a close relative from your home country) asyour successor trustee, there are several problems that arise.             Ability to AssumeControl of Minor Children             The first issue thatarises is the pragmatic problem of the successor having to take immediatecustody of minor children.  The successortrustee would probably also be the person you wish to...

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VERY HIGH ASSET THRESHOLD REQUIRED TO BE SUBJECT TO ESTATE TAX Most people do not have to worry about estate tax issues.   New tax legislation that took effect on January 1, 2018 that increased the federal estate, gift and generation-skipping transfer tax exemption to $11,200,000 for an individual and $22,400,000 for married couples.  Those amounts increase each year to reflect the rate of inflation until 2025...

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