STEP Journal June 2012

Volume 20 | Issue 5
Debt release
Amanda Edwards looks at informal family loans and proprietary estoppel
A private affair
John Harper on why PTCs could clear a settlor’s doubts
Charity begins with Birkenhead
Richard Frimston on the draft regulation for a Fundatio Europaea
Personal shopper
Martyn Gowar looks at building trust and understanding what the client wants to buy
Flexible solution
Julien Dif and Vaik Muller on the Swiss professio juris
FATCA in the frame
Alternative intergovernmental approach extends way beyond FATCA, says Alan Winston Granwell: it motivates countries to accept automatic information exchange for curbing tax abuse
Voluntary disclosures
The myriad obligations imposed on US citizens who live abroad are unknown to many individuals and US tax preparers, and non-compliant taxpayers need to get their affairs in order, says Suzanne M Reisman
Prepare for change
Curtis Childs on establishing and administering foreign trusts, selecting asset managers and custodian banks
Under scrutiny
Mark E Haranzo and Jason Kleinman advise which techniques practitioners should make use of before the law changes for gift tax, defective grantor trusts and decanting
Litigation natıon
Steve Sokic and Kelly Kerr discuss asset protection for US citizens
Canadian departure tax: obstacle or opportunity?
David A Altro and Matt Altro discuss what Canadians should consider when moving to the US
Canadian and US tax systems: a comparison
For two countries separated by the longest undefended border in the world, the US and Canada have surprisingly fundamental and widespread differences between their tax systems, writes Michael Cadesky
New York conference retains ‘must-attend’ title
Delegates of the eighth annual international estate planning institute event are already looking forward to next year’s event
Assessing impact
Walter Sweet on meeting the demands of donors and measuring their gifts
Good business
John Nugent reviews the role that offshore finance centres can play in encouraging and facilitating charitable arrangements for the benefit of onshore causes
Heart foundation
While charitable and non-charitable purpose trusts in Jersey have been used for philanthropy, there’s a growing interest in foundations, says Zillah Howard
Twin power
Simon Weil reports on the benefits of USUK dual-qualified charities
First step
Marc Farror on starting the process of giving
Share giveaway
Many charities accept shares as a method of donating, and it’s a higly tax-efficient way of unlocking capital for good, says Mike Packham
Model advice
STEP and EAPG launch joint initiative with discussion forum for philanthropy advisors
Pioneering legislation
The Bahamas financial services industry recently welcomed the Bahamas Executive Entity. Timothy J Colclough reports on its practical uses
For the record
Recent legislation has enforced a requirement on Israeli citizens to declare their offshore trusts. Jackie Stockie-Donner and Sarah Leevan discuss the treatment of trust structures under Israeli law and the tax treatment of trusts for Israeli citizens
Faith and money
Ashvini Chopra and Dileep C Choksi on the peculiarities of Indian inheritance laws
Leaving on a high
Laurence Black’s final conference as STEP Arabia Chair showcases the branch’s successful history
Practical Inheritance Tax Planning
Chris Erwood applauds the lack of jargon in this comprehensive edition, co-authored by STEP’s President, Geoffrey Shindler OBE
WEB EXCLUSIVE: FATCA – Finding balance
Jim Casmir, Tom Louthan and Steve Onken report on the IRS public hearing on the proposed regulations for the implementation of FATCA


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© 2012 Society of Trust & Estate Practitioners