What is an Irrevocable Life Insurance Trust?

Life insurance can provide a critical financial safety net for your loved ones if you die unexpectedly. But, if you do not plan accordingly, it can also create a substantial tax burden (eliminating many of the benefits your policy was designed to provide), and it can...

Why Was Facebook Fined $122 Million in the EU, But Not in the US?

It has been more than three years since Facebook’s blockbuster $19 billion acquisition of messaging application WhatsApp, but the deal is still making headlines. Unfortunately, the latest news is not good for Facebook – and potentially other social media companies –...

Estate Planning for Education Savings Accounts

As a parent, saving for your children’s education is likely among your top financial priorities. With the growing cost of higher education, many parents are saving hundreds of dollars a month, if not more, to make sure their children will be able to attend a quality...

Wyoming Domestic Asset Protection Trusts

When it comes to preserving your wealth, not only for yourself but for future generations, the first step toward executing a sound asset protection strategy is to narrow down the options you have available. Should you form a trust or limited liability company (LLC),...

Incorporating Your Start-Up in the Cayman Islands or BVI?

If you are thinking about forming your start-up offshore, the company laws of the Cayman Islands and British Virgin Islands (BVI) likely offer many of the benefits you are looking for. However, as with any legal decision, incorporating in the Cayman Islands or BVI...

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