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Month: January 2011

IRS Targets Non-Resident Indians with HSBC Accounts

30 January, 2011

HSBC, one of the largest banks international banks in the world, is facing rough time with allegations on its holding bankers being involved with a New Jersey Indian American businessman in hiding his bank accounts

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How to Limit a Executor’s Personal Liability for Taxes

30 January, 2011

There are three risk-management tools every probate lawyer needs to know...

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New voluntary disclosure program for offshore accounts in 2011

28 January, 2011

The IRS...described the new program as “somewhat similar” to the prior program.

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Is HSBC the next UBS nightmare?

27 January, 2011

clients with a foreign HSBC account should be seriously concerned about disclosure of the account to the government, which could result in criminal prosecution and significant civil penalties.

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Frequently Asked Probate Questions

23 January, 2011

1) How do I begin the probate procedure? The person that wishes to be appointed to represent the Estate will bring a certified copy of the death certificate and the original Will. The probate cannot

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Estate Planning for Non-Traditional Families

17 January, 2011

Estate planning for traditional couples usually consists of having a Will, Financial Power of Attorney, Medical Power of Attorney and Advanced Health Care Directive. There are typically three types of couples that need planning significantly

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Still Beware of State Death Taxes…

9 January, 2011

Despite the new and generous federal estate tax exemption of $5 million per estate and $10 million per couple, many less wealthy families still have to plan for estate taxes–state estate taxes that is. The

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