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Moses Estate Planning

Domestic Asset Protection Trusts: Connecticut Enters the Playing Field

As domestic self-settled spendthrift trusts (AKA Domestic Asset Protection Trusts, or DAPTs) become more popular as asset protection structures for those with increased assets or exposure to liability generally, more states are hopping on the band wagon and enacting legislation allowing these types of trusts to be established in their respective jurisdictions. Nineteen such states have now enacted such legislation, with the latest being Connecticut.
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Moses Estate Planning

Incorporating Crypto and Electronic Assets Into Your Estate Plan:

At the end of the day, the Executor or Trustee of your estate is going to need to know what asset you have, and more importantly, how to access these assets. Because Crypto and other electronic assets typically involve crypto keys, it is very important that you make these known and available upon your passing or incapacity.
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Moses Estate Planning

Estate Planning and Tax Practitioners Beware! IRS Offshore Trust Compliance Approaches.

A kind reminder to fellow Estate Planning and Tax practitioners that March 15th is the deadline for filing IRS Form 3520-A, the Annual Information Return of Foreign Trusts with a U.S. Owner (or filing an extension via form 7004). The IRS requires the 3520-A to be filed when there is a foreign/offshore trust with a U.S. owner for income reporting requirements.
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