SECURE Act & Impacts on Estate Planning

The SECURE Act, which was signed into law on December 20, 2019, will greatly affect estate planning for many of our clients. Before the SECURE Act, owners of tax-favored retirement plans (IRAs, 401ks, etc.) were able to leave their retirement assets to a designated beneficiary who could then keep the plan in its tax-deferred status [...]

By |2020-01-27T20:22:24+00:00January 27th, 2020|Estate Planning, IRA|0 Comments

Tax Consequences of Permanently Leaving the United States

Two of the leading presidential candidates have proposed a Wealth Tax which would be assessed annually based on the total value of a taxpayer’s worldwide personal assets. The details differ between the candidates but both plans carry a yearly levy of 1% - 8% on the asset value in excess of a particular dollar amount. [...]

By |2020-01-02T20:26:06+00:00January 15th, 2020|Expatriation, High Net Wealth|0 Comments