In navy operations, planners typically describe circumstances as risky, unsure, complicated and ambiguous (VUCA). Every now and then, property and tax planners use the identical phrases to explain an epoch in property planning. That is a type of occasions. Property and tax planners ought to deal with recommendation that provides purchasers and their trustees what they most frequently want in these VUCA circumstances: confidence and optionality. Listed here are three items of recommendation to navigate these occasions.
Decide Greatest Belief Location
Purchasers typically search to extend optionality by deciding on, because the jurisdiction whose legal guidelines will govern the administration of the trusts they create, the state that permits for the best flexibility for minimizing taxes due and altering the governing legislation,…
