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As the change in the mobility of clients and their assets over the past 30, even 20 years is truly astounding. While it once was unusual for the average estate planner to have clients with different citizenships and foreign assets, it is now almost commonplace. Nevertheless, many advisors still restrict their focus on domestic trusts and related planning matters. They seem daunted by the prospect
Alexander A. Bove, Jr., partner, Bove & Langa, P.C., Boston
As the change in the mobility of clients and their assets over the past 30, even 20 years is truly astounding. While it once was unusual for the average estate planner to have clients with different citizenships and foreign assets, it is now almost commonplace. Nevertheless, many advisors still restrict their focus on domestic trusts and related planning matters. They seem daunted by the prospect of understanding how and whether the use of trusts might be appropriate in foreign jurisdictions. For such novices and experts alike, help is now available. Trusts in Prime Jurisdictions, edited by Alon Kaplan and Barbara Hauser and published in 2006 by Globe Business Publishing of Londo...
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