StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Discussion Post - Coursework Example

Cite this document
Summary
Such is because the trust is created for possession by Cynthia when both parents die and not when one parent dies. This is because the tax that is applied by the U.S…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Discussion Post
Read Text Preview

Extract of sample "Discussion Post"

Response Response The transfer of the assets to a single US trust does not make a difference if Noel or Marsha dies first. Such is because the trust is created for possession by Cynthia when both parents die and not when one parent dies. This is because the tax that is applied by the U.S. government on residents and nonresidents is the same on all the assets. Such an answer is the same if Marsha was a US citizen since there is no discrimination in the process of tax application to U.S. and non U.S. citizens.

As such, the federal tax department levies the same tax rates for the assets of both residents and non residents in U.S (Matthew Bender and Company, 2012).If the creation of the trusts occurs less than 3 years before the first deaths, then the assets are vulnerable to tax credit reduction, which is based on the ratio that is dictated by the federal estate tax. Such occurs because there are different rates applied to trusts based on the dates of establishment of such trusts. However, a decision by Cynthia to focus on giving up her U.S. citizenship to that of Morocco will have an impact on the trust.

At first, there will be several legal procedures to establish whether she is the real owner of the trust. Further, such a trust will be subject to taxation and reduction as determined by the federal tax department. The rates of these reductions and taxation will be different compared to when she would have maintained her U.S. citizenship. ReferencesMatthew Bender and Company. (2012). International estate planning. Lexis Nexis Group.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discussion Post Coursework Example | Topics and Well Written Essays - 250 words - 2”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1675836-discussion-post
(Discussion Post Coursework Example | Topics and Well Written Essays - 250 Words - 2)
https://studentshare.org/finance-accounting/1675836-discussion-post.
“Discussion Post Coursework Example | Topics and Well Written Essays - 250 Words - 2”, n.d. https://studentshare.org/finance-accounting/1675836-discussion-post.
  • Cited: 0 times

CHECK THESE SAMPLES OF Discussion Post

Week 4 Discussion Post

The film explores how gender can be a serious issue to a person's identity.... Society is full of problems that can cause people to be angry at each other.... However, someone does not need… There a way a proper way of solving issues by just accepting who we are and remain true to ourselves, that way one is freer to think properly and rationally to solve a problem and live in peace (Mitchell 10). The Visual arts Film: The Advocate Year: 2001 The advocate is a very interesting film exploring the facts of homosexuality in the society....
1 Pages (250 words) Assignment

Asset Management Discussion Post 6

For a client to be able to make the investment of $200,000 in a portfolio for Walmart Stores (WMT) there are certain questions that a broker must ask.... They are mainly for record keeping, checking suitability, and whether the client is legally allowed to invest. The first set of… Personal information includes financial and tax identification....
1 Pages (250 words) Coursework

The Seccombe book discussion post

The provision of welfare is a social issue but it is based on political concepts (Seccombe, 11).... The welfare system is for the purposes of ensuring that the vulnerable… The paper thus discusses the concepts of welfare in relation to the impacts that it has on the society. The argument that welfare breeds dependence on the system is correct....
2 Pages (500 words) Essay

Developing Intimacy with Workers in Organization

Likewise, this situation positively shaped the culture of Reell Precision Manufacturing 26 March Discussion Post: Joe Arnold found himself becoming the of cognitivedissonance upon being assigned a project which conflicted with his ethical beliefs by his company, Reell Precision Manufacturing....
1 Pages (250 words) Essay

Asset Management Discussion Post 8

It is essential for individuals to get Umbrella insurance as it gives an additional insurance layer above Asset Management Discussion Post 8 Lecturer An Umbrella insurance is considered as an extra liability insurance that plays a role in protecting an individual from major claims, as well as lawsuits....
1 Pages (250 words) Coursework

The History of Entrepreneurship in America

In the mid-1950s, the negative appraisals on entrepreneurship meant only the strong-willed could come up with their own business.... Entrepreneurship was a rudimentary venture viewed by people as a… Nevertheless, in the 1980s, Bernard Goldhirsh, and the Bernie Inc reinvented this particular art of business. Amazingly, Goldhirsh uses the sailing magazine to warrant off some of the prevailing problems he faces with his labor force....
1 Pages (250 words) Essay

Consumer Compliance- Discussion Post 4

FTC and CFPB have a commitment to ensuring that consumers receive fair chances on auto finance by collecting and imparting information for consumers Consumer Compliance- Discussion Post 4 Consumer Compliance- Discussion Post 4 FTC and CFPB are agencies that work hand in coordination to protect consumers against exploitation by financial institutions....
1 Pages (250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us