KeatsConnelly Cross-Border Weekly Best of the Web 2013-10-4

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets. This week we offer a mix of articles discussing the long arm of the IRS, trusts, and tax savings.

How Canadians, too, can fend off the long arm of the IRS ( I want to be just like George Steinbrenner. No, I don’t mean that I want to own the New York Yankees, operate a Great Lakes shipping company, or invest in Broadway theatre productions. I simply mean that I want to save more tax dollars that you can shake a stick at. As it turns out, Mr. Steinbrenner died at precisely the right time to avoid the dreaded U.S. estate tax. The year was 2010, and that was a year – the only year – when the U.S. estate tax was repealed. Forbes estimates that his death in 2010 saved his family about $600-million (U.S.) in estate taxes. George couldn’t stand losing. Even in death, he beat the taxman…

Use a trust, not a will( If you’re older than 65, an alter-ego or joint-partner trust can help with succession planning because while a will only takes effect only after someone dies, a trust takes effect immediately when it’s established. Here are five ways this trust works better…

Tax saving for professionals( When you’re funding your own retirement, you want capital preservation and the best way to ensure it is to save on taxes. Here’s how…

Come back next week for more interesting news and articles. Enjoy your weekend!

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Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
A Canadian's Best Tax Haven
This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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