Tag: gift tax

SIGNIFICANT TAX PLANNING OPPORTUNITY MAY SOON DISAPPEAR

Howard Rosen, Esq. • September 15, 2020

2020 – OUR 28th YEAR OF PUBLICATION! Volume XXVII • Number 3 • September 2020 TIME IS OF THE ESSENCE – TAKE ADVANTAGE NOW INTRODUCTION As you know, the Trump tax cuts (2017 Tax Cuts and Jobs Act) created unprecedented opportunities for individuals and families to transfer their legacies in a tax-efficient manner. These cuts […]

Tax benefits and consequences of an offshore trust (video)

Howard Rosen, Esq. • August 6, 2013

Howard Rosen discusses the tax consequences of implementing an offshore trust.

Titling Assets: Pitfalls to be Avoided – Part II

Howard Rosen, Esq. • February 17, 2011

Many individuals attempt to implement asset protection on their own. Among the “do-it-yourself” methods commonly utilized is titling and re-titling assets among a spouse, children and others (friends & family members). Instead of accomplishing the desired protection, these “strategies” often expose the transferred asset to additional creditors, cause family conflicts, and raise gift and estate tax issues.

Estate Freeze Update: New Law – New Opportunity

Howard Rosen, Esq. • January 17, 2011

Volume XX, Number 1 – JANUARY 2011 INTRODUCTION More than 10 years ago we wrote an issue of the APN on estate freeze planning (Vol. IX, No. 1). The essence of estate freeze planning is just what it sounds like: the value of an asset (or assets) is “frozen” at today’s value for future estate […]

Saving Estate Taxes in the U.S. Through Offshore Trusts

Howard Rosen, Esq. • November 17, 2000

Usually articles and studies concerning offshore trusts have focused on their use for asset protection. However another, very important, use of a certain type of offshore trust, is to effect estate tax savings. This can be accomplished by ‘freezing’ the value of trust assets vis-a-vis the settlor’s estate at current values. Result? Any future growth in asset values will escape US federal estate taxation, thus increasing the amounts received by children and other beneficiaries. A variation of this technique can also be used for non-resident aliens owning US real estate, or those wishing to immigrate to the United States, to practically eliminate any US estate tax on death.

Keeping What’s Yours: Why Pay More In Estate Taxes Than you Have To?

Howard Rosen, Esq. • June 16, 2000

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.