International Issues in Estate Planning: One Will or Two?
You may need to have a separate will for each country in which you have assets. Individuals and couples with assets in more than one country need to ensure that their estate planning documents are valid in all the jurisdictions in which they have property. Although in some instances this...
California’s Marijuana Regulatory Framework
The California Cannabis Industry is strictly regulated by numerous governmental agencies. In November of 2016, 56% of California voters chose to legalize recreational marijuana in the state. Proposition 64, the Adult Use of Marijuana Act (AUMA), has permitted adults to grow, sell and smoke the drug without a medical reason...
Revocable Living Trusts, Part III: Funding Your Revocable Living Trust
Other Posts in this Series Part I: The Elements of a Revocable Living Trust Part II: Why Set Up a Revocable Living Trust? A revocable living trust can provide many benefits, but not if you don’t fund it. In our previous post, we explained how a revocable living trust is...
IRS Issues New Guidance on Voluntary Disclosures
With the end of the Offshore Voluntary Disclosure Program (OVDP), the IRS has provided new guidance for taxpayers facing charges of tax evasion to come into compliance with their reporting requirements and avoid criminal prosecution. On November 20, 2018, the Treasury Department issued new guidance for U.S. taxpayers who have...