Asset Protection
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Where Do You Want to Park Your Money?
Key Factors in Picking a JurisdictionFebruary 2020 | By: David I. Faust, Esq.| GDB 2020 Winter NewsletterBeginning in the 1900s, “financial centers” were established in a wide variety of offshore jurisdictions around the world. They were essentially tax havens. Recently the challenges to these choices have been evolving. With today’s changes, key factors must be considered when picking a jurisdiction.
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Achieving Tax-Free Life InsuranceFebruary 2020 | By: Asher Rubinstein, Esq. | GDB 2020 Winter Newsletter
If you own or control a life insurance policy, then the proceeds of the policy may be included in your estate at death and subject to estate tax. This comes as a surprise to many people who are under the impression that life insurance is tax-free. But through various tax and estate planning methods, estate tax can be avoided or minimized.
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In January, partner Asher Rubinstein’s Letter to U.S. Trade Representative Opposing Tariffs on Wine, Cheese and Olive Oil from Europe was published in Thomson Reuters’ Taxnet Pro.2/25/2020
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Asset Protection for Property Owners and Real Estate Professionals2/6/19 | By: Asher Rubinstein, Esq.| GDB 2019 Winter Newsletter
Owners and developers of real estate are already well-aware of the threats of litigation from tenants, guests, workers and even passers-by. But there are ways to protect one's assets from potential lawsuits.
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An Opportunity is Soon Closing to Voluntarily Disclose Offshore Assets to the IRS4/4/18 | By: Asher Rubinstein, Esq. and David N. Milner, Esq. | GDB 2018 Spring Newsletter
Since 2009, the IRS Offshore Voluntary Disclosure Program (OVDP) has been an opportunity for U.S. taxpayers who failed to report foreign income and assets to become compliant, pay back taxes, lower their potential penalties and avoid criminal prosecution. In March, the IRS announced that the OVDP will close on September 28, 2018. Only a few months remain to bring offshore assets into IRS compliance via the OVDP.
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IRS Focus on Bitcoin and Virtual Currencies4/4/2018 | By: Asher Rubinstein, Esq.| GDB 2018 Spring Newsletter
The IRS treats virtual currency as property, rather than a currency, which means that taxpayers are required to pay taxes on any gains when they “use” or sell the currency. As an indication of the seriousness of the IRS focus on tax compliance for virtual currencies, the IRS recently served Coinbase, the largest public virtual currency exchange, with a summons seeking information on Coinbase customers who may not have properly reported profits to the IRS.
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Offshore Accounts, IRS Compliance and the Streamlined Voluntary Disclosures: Lower Penalties, But Bigger Risks
Conducted by GDB partner, Asher Rubinstein7/17/2017 | Clear Law Institute Webinar -
Offshore Versus Domestic Asset Protection7/5/2017 | By: Asher Rubinstein, Esq. | GDB 2017 Summer Newsletter
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The Panama Papers: Effective Asset Protection Should Not Be Compromised by Lack of Banking Secrecy08/04/2016 | Asher Rubinstein, Esq.
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A Current Assessment of the IRS Streamlined Offshore Procedures04/21/2016 | By: Asher Rubinstein, Esq. | Journal of Taxation and Regulation of Financial Institutions
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Foreign Trust Survives Creditor Challenge02/25/2013
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Offshore Planning in a Transparent World02/25/2013 | By: Kenneth Rubinstein, Esq.
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Asset Protection in the New Millennium
02/24/2013 -
Protect What You Have Left02/23/2013
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Bypassing the Capital Gains Tax with Charitable Remainder Trusts02/23/2013 | By: Kenneth Rubinstein, Esq.
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Is Offshore Asset Protection Still Viable?08/08/2011