In a recent survey of millionaire baby boomers (by U.S. Trust), less than half of the respondents said it was important to leave money to their children when they die. That is according to an article in last Friday’s Los Angeles Times by Walter Hamilton.
But here is an important reminder: asset protection planning (and estate planning)
Offshore bank accounts have been getting more and more scrutiny in recent years. An article in last week’s Bloomberg News by David Voreacos outlines yet another U.S. investigation relating to foreign banks. Eight offshore banks are now under a federal grand jury investigation — for facilitating tax evasion by U.S. citizens.
But none of this
