Planning for an existing foreign non-grantor trust that has one or more U.S. beneficiaries presents complex challenges for trustees and professional advisors. Merely understanding the relevant U.S. tax and reporting rules is daunting enough. But...
The death of the offshore asset protection trust has, by some, been greatly exaggerated.1 In recent years, attacks on a few such trusts under extreme circumstances have resulted in the incarceration of the debtor-settlor (settlor). But these...
Let's face it: governments are broke and the Social Security system will likely be spending more than it takes in by 2016. Future retirees need your help.
With shriveled 401(k) balances, shrunken housing wealth, and a precarious job market, millions of Americans truly continue to struggle in the aftermath of the economic downturn. For many, retirement dreams have all but evaporated. A new survey by...
Prudential said it named Jackson National Life Insurance Vice Chairman and COO Mike Wells as Jackson's president and CEO. He succeeds Clark Manning, who steps down in December. Manning will chair Prudential's U.S. operations until April 30, 2011...
