BUSINESS: What is “General Counsel” and When Does it Make Sense?
Some attorneys offer general counsel services. In this scenario, the attorney continues to have his outside practice, and you will not be the only client, but you will get preferential service.
REAL ESTATE INVESTMENT: LLC vs. Land Trust
Investors are generally comfortable with LLCs, so they often miss out on the benefits of a land trust just because of unfamiliarity. This articles compares the two entities side-by-side, showing the similarities and differences.
Real Estate: FIRPTA
Investors that come to us early can structure their US holdings to avoid unnecessary complications, such as withholdings under the Foreign Investment in Real Property Tax Act (FIRPTA). If you did not plan ahead, then this article is for you.
ESTATE PLANNING: Trusts
This is a straightforward, question and answer style article designed to provide a basic understanding of the key advantages to using a trust as part of your estate planning.
REAL ESTATE INVESTMENT: Overview of 1031 Exchange
Under Section 1031 of the tax code, you can sell your property and reinvest some or all of the proceeds in another property without paying taxes on the reinvested money. Here is how.
REAL ESTATE INVESTMENT: Structuring the 1031 Exchange
There are pitfalls at virtually every stage of a 1031 exchange. This article looks at some key issues and highlight the dos-and-don’ts.
Real Estate Investment: Structuring the 1031 Exchange
This is the third and final part of our discussion regarding the use of a 1031 Exchange to defer tax on real estate investments. Used correctly, real estate investors might even defer tax indefinitely—or at least during their lifetime.
REAL ESTATE: Buying a Home in Someone Else’s Name
It is quite common for people to “borrow someone’s credit” or title a property in someone else’s name, and the reasons behind it are understandable enough. The purpose of this article is to make you aware of the implications of buying a home in someone else’s name.
ESTATE PLANNING: Advantages of a Will
We all have a tendency to put off thinking about our own demise. It usually takes some kind of prompt to get us to take the time – and pay the money – to have a will drafted. That prompt may come in the form of the birth of child or development of health issues. Those are common reasons people start thinking about their last will and testament, but are they the only reasons?
ASSET PROTECTION: Offshore vs. Domestic Trust (US Persons)
Offshore work has always been part of our practice. With recent changes in the law, though, we have been moving away from recommending offshore to our US clients in favor of using domestic trusts.