Soon, accounts held by trust may be insured by the FDIC for up to $1.25 million, rather than the current $250,000 limit on many individual accounts.
The CTA broadens reporting to U.S. authorities of information—and personal identification documentation—concerning beneficial ownership of nearly all U.S. companies as well as foreign companies doing business in America.
Some best practices to help fight the cash flow boogeyman.
They’ll be treated as grantor trusts for state income tax purposes.
The discourse has to move on from marketing platitudes to practical guidance for policyholders and their advisors.
A recent gift tax case involving the founders of Firehouse Subs illustrates both the benefits and risks involved with this technique.
