offshore trusts

Named in a Power of Attorney for a Foreign Account? FBAR Rules Required

Posted on: June 10th, 2014
Individuals may or may not know if they are listed as an agent of a power of attorney, but they are still subject to Foreign Bank and Financial Accounts (FBAR) requirements....

Illinois Ruling Strikes a Blow at Asset Protection Trusts

Posted on: October 1st, 2012
In Rush University v. Sessions, et al, the Illinois Supreme Court ruled that a transfer to a Cook Islands trust was per se fraudulent. ...
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