Avoiding Disastrous Will or Trust Lawsuits – How to Keep Family Squabbles from Undermining Estate Plans

Family discord that results in a will or trust contest can be costly, time-consuming, and emotionally painful for your client’s family. For you, the advisor, this disharmony usually leads to severely damaged relationships and a loss of assets under management. It’s important to keep a close eye on your clients’ familial rifts and work with […]

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Real Estate Investment in the US Under the Tax Cuts and Jobs Act

The 2017 Tax Cuts and Jobs Act (“TCJA”) preserves and in certain cases enhances tax benefits for investments in real estate and partnerships.  A tax deduction may be available equal to 20 percent of qualified business income to individuals who own income producing real estate through a partnership or S-corporation.  The opportunity for foreign investors […]

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Environmental Due Diligence Considerations in Acquiring Companies, Assets, and Real Property Interests

Due diligence is a broad term that refers to the investigation companies should carry out prior to acquiring other companies, assets, or real estate.  There are numerous federal and state laws that comprehensively regulate air, water, and land pollution that make environmental due diligence essential.  The purpose of this article is to outline some of […]

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Helping Clients Plan From the Heart – Beyond Money in Estate Planning

By: Christopher Klug  – International Estate Planning  Attorney, Washington DC   Many clients and advisors think of estate planning as a logistical process designed to reduce taxes, avoid court, and protect assets. Of course, proper planning does enhance the security of their families and assets, but estate planning is actually much more. Although we write frequently […]

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Common Corporation Purchase Structures To Obtain Step-up in Tax Basis When Equity Is Purchased

by: Christopher Klug –  Business Tax Attorney, Washington DC Buyers of businesses conducted through C or S corporations typically prefer to purchase assets in order to receive a step-up in tax basis of the assets of the corporation to the assets fair market value.  This will allow for additional depreciation on depreciable assets and less […]

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How Remodeling a Client’s Trust Can Retain Assets Under Management while Saving Clients Money

By: Christopher Klug  – International Estate Planning  Attorney, Washington DC It’s a common misconception that clients can take a set-it-and-leave-it approach to trusts. Much as houses or office buildings, even those that were originally well-built, must be remodeled or updated from time to time, a trust-centered estate plan can often benefit from a remodel or refresh. […]

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Tax Cuts and Jobs Act – Tremendous Benefit for Foreign Investment in the United States

by: Christopher Klug – International Tax Attorney,Washington DC In December 2017, Congress passed, and President Trump signed a sweeping tax reform bill commonly known as the Tax Cuts and Jobs Act.  This new Act contains several significant changes and is the most significant tax legislation in the last 30 years. One of the more significant changes […]

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Who Will Inherit Your Financial Wisdom?

Passing on More Than Just Wealth By: Christopher Klug  – International Estate Planning and  Tax Attorney, Washington DC Many people who inherit wealth or small businesses are at significant risk of essentially squandering the wealth. An Ohio University study shows that an astonishing 33 percent of all beneficiaries lose their entire inheritance within two years of […]

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US Taxation of US Citizens and US Tax Residents Residing Overseas

by: Christopher Klug – International Tax Attorney, Washington DC US citizens and US tax residents (“US Persons”) are taxed in the United States on their worldwide income no matter where in the world they reside.  The US taxes based on citizenship, which is different than almost all other countries in the world that tax based on residence. […]

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