Have the World’s Wealthy Stashed $21 Trillion in Tax Havens?
An organization opposed to tax avoidance estimates the world’s wealthiest individuals have stashed at least $21 trillion in offshore tax havens, an amount greater than the combined GDP of the U.S. and Japan.
5 Super Costly Divorces of the Rich and Famous
Tom Cruise and Katie Holmes are just the latest couple to split with millions at stake. For some summer fun, AdvisorOne looks at five of the biggest settlements.
More U.S. Citizens Jumping Ship to Avoid Taxes
While the number of Americans abandoning their citizenship is increasing, so too is the number of foreigners coming to U.S. shores to take advantage of so-called “investor visas.”
5 Ways Rich and Famous Can Hide Assets
Attorney Jim Duggan lays out how advisors can help shield the assets of wealthy public figures from the wrong kind of attention.
5 Problems With Domestic Asset Protection Trusts
DAPTs are seen by some as a more palatable alternative than offshore structures with a similar purpose, but estate planning experts question whether this is the case.