The will-trust combo is a standard technique in estate planning because it is an effective, convenient and cost-efficient means to your goals.
This is a continuation of our discussion of the 1031 Exchange as a technique for deferring tax on your real estate investments. In Part I, we reviewed the basic components of the transaction. In reality, there are pitfalls at virtually every stage, so a simply overview is probably not going to be enough for you to successful bring about a READ FULL POST
In our practice as real estate attorneys, we frequently hear “my house is in my mother’s name,” “I used my friend’s credit to buy my house,” or something along those lines. It is actually quite common for people to “borrow someone’s credit” or title a property in someone else’s name, and the reasons behind it are understandable enough. The purpose READ FULL POST
There is a presumption that time spent by employees attending Training should be paid in order to comply with the FLSA. However, the presumption can be overcome if the four relevant factors above are met.
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?
The TN-2 program is available only to Mexican citizens who intend to work in the U.S. in certain professions. The NAFTA list of approved professions includes accountants, engineers, attorneys, pharmacists, scientists, and teachers.
When we say “tax controversy,” most people think of audits, which is not wrong. However, the process can go beyond just an examination of your return.
This is the third and final part of our discussion regarding the use of a 1031 Exchange to defer tax on real estate investments. Used correctly, real estate investors might even defer tax indefinitely—or at least during their lifetimes.
Litigation & Mitigation, by Jeff Harrington, published by Thompson Reuter