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Posts Tagged ‘Globalization’

Tips for estate planning and tax law compliance in a global economy

Do you own a vacation home in Mexico? Have a bank account in Hong Kong? Has your spouse retained Canadian citizenship? Are you a long-term U.S. resident who was born in the U.K.? Is your brother-in-law, who is a citizen and resident of Ireland, the successor trustee of your revocable trust? Each of these scenarios raises complex tax issues that, without proper planning, could easily have disastrous and costly consequences.   The fact is that we live in a globalized world: technology and commerce allow us to move about as we please, even across several continents. But remember that technology…

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