Puerto Rico's “resident investor” incentive, commonly known as Act 22, lures wealthy individuals with the promise of legally skirting U.S. federal income tax.
We analyzed the endowments of more than 1,000 private, nonoperating foundations with assets of less than $50 million over a two-year period.
Property used to fund grantor retained annuity trust was undervalued.
The 18-month pilot program is a reaction to the agency taking heat from practitioners for slow response times.
Don’t underestimate clients’ charitable intentions.
What happens to the convicted murderer's fortune?
Spouse didn’t have general power of appointment over marital trusts due to restrictions on removing and replacing trustee.
Families don’t just pass on wealth; they pass on communication strategies they learned from the generations before them.
Noncash giving is the way to go.