SAFEGUARDING THE RIGHT TO BEQUEATH AND INHERIT – ISSUES IN US, ISRAELI, AND JEWISH ESTATE PLANNING LAW

The Fundamental and Universal Right to Bequeath and to Inherit The right of inheritance is enshrined as a matter of US federal law as well as that of all of the several states of the…

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HOW TO DO ESTATE AND TAX PLANNING FOR ISRAELI RESIDENTS WITH US-BASED ASSETS

Estate tax planning is a must. The unified US gift and estate tax for US citizens currently has an exemption threshold of $5.35 million adjusted for inflation, beyond which the IRS taxes at a 40%…

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IRS, US TREASURY DEPARTMENT, AND ISRAELI TAX AUTHORITY ENFORCEMENT RAMPS UP FOR DUAL CITIZENS AND JOINT RESIDENTS

The IRS and US Treasury Department have opened a satellite office in Israel, and there is coordination between the US and Israeli tax authorities. FATCA is a fact of life. Through the Office of Voluntary…

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NEW ISRAELI LAW ON FOREIGN TRUSTS TAKES EFFECT

Israeli’s new Law on Foreign Trusts is live and active. Deadlines for declarations of foreign-based trusts created by Israeli residents for the benefit of Israeli residents is June 30, 2015, while in some cases the…

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