Is All Asset Protection Planning Bad Under the UVTA?

by Vera Felber, Director, Lighthouse TrustandStephen E. Speiser, Attorney at Law, The Speiser Law Firm P.A. (Palm Beach, Florida) We are pleased to republish the following article from our colleagues at Lighthouse Trust and The Speiser Law Firm, P.A. Lighthouse Trust is the leader in asset protection trust services globally, boasting a groundbreaking court victory for U.S. persons engaged in …

WY House Bill 22: Designated Communications Contact for WY Entities

Within the past several days, the Wyoming legislature has implemented important legislation designed to uphold the integrity of Wyoming as a leading jurisdiction for estate, business, and asset protection planning.  Wyoming House Bill 22 requires registered agents to maintain a list of designated communications contacts for the entities they represent.  The designated communications contact needs to be a natural person who …

Proposed Regulations: Foreign-Owned Single Member LLCs to Obtain EINs, File Form 5472

Is the United States a Tax Haven for Foreigners? For many years, foreigners have enjoyed the freedom to form LLCs in the United States, whether as a means to access the U.S. banking system, to gain anonymity or asset protection benefits for their investment holdings, or possibly to avoid taxation of investment income in other jurisdictions. Foreigners are subject to …