We all have a tendency to put off thinking about our own demise. It usually takes some kind of prompt to get us to take the time – and pay the money – to have a will drafted. That prompt may come in the form of the birth of child or development of health issues. Those are common reasons people start thinking about their last will and testament, but are they the only reasons?
Offshore work has always been part of our practice. With recent changes in the law, though, we have been moving away from recommending offshore to our US clients in favor of using domestic trusts.
This is the final part to our discussion aimed at helping owners and officers avoid personal responsibility for the obligations and liabilities their companies take on in the course of doing business. The first part provided an overview of the key issues related to corporate liability. The second part focused on what not to do. Here, we get to proactive techniques for guarding against personal responsibility.
This is a continuation of our discussion regarding the breakdown of liability protection afforded to owners and officers as a result of the economic crisis and business scandals in the US and around the world. It is true the American legal system is set up to shield owners/officers from corporate liabilities, but nothing draws public outcry like an executive who fills his pockets through misdeeds and then hides behind the corporate skirt.
The law has shifted in recent years towards weakening corporate liability protections. That makes it easier for plaintiffs and regulators to “pierce the corporate veil” and get to the assets of owners and officers.
The will-trust combo is a standard technique in estate planning because it is an effective, convenient and cost-efficient means to your goals.
Once you have read Part II of this series, regarding the many advantages of having a trust, you are ready to learn how to actually transfer assets to your trust.
This is an overview of the eligibility requirements and key features of the E-1 Treaty Trade Visa.
Conditions are perfect for foreign individuals and companies looking to diversify, move capital to a safe place, and/or establish a foothold in the US. To invest successfully, these are the three basic principles to consider.
This article looks at immigration policy changes under Trump and the effects on US employers. To determine whether Trump-era policies have had a positive or negative impact on the US economy, a recent nationwide survey asked employers about their experiences and how they have responded to the changes.