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 …
The SWIFT Trust: Asset Protection Planning with the Swiss-Wyoming International Family Trust
The volume of litigation in the United States is on an endlessly upward trajectory. Yet, most Americans are unaffected by this statistic: Either they have no savings to lose, or they are so wealthy as to be able to withstand the impact of a large lawsuit. Caught in the middle are those who have accumulated significant wealth, but …
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 …
Wyoming Private Trust Companies – An Overview
In our discussion on both Wyoming Qualified Spendthrift Trusts and Wyoming Domestic Asset Protection Trusts, I explained that you need the services of a qualified trustee. The term “qualified trustee” is defined under Wyoming law as (i) any individual who resides in Wyoming or (ii) a person or entity authorized under Wyoming law to act as a trustee if that …