The Daily Telegraph (of Great Britain) has this interesting article about a growing trend among some wealthy Americans of renouncing their American citizenship to become British citizens and take advantage of lower taxes in some situations. On this side of the pond, PGA golfer Phil Mickelson recently made waves by suggesting he might move from California to another state to pay lower taxes.
While we don’t recommend clients move to another state or leave America for tax reasons, we often counsel clients about which states are best for trusts and other estate planning, asset protection, or business issues. Which states allow dynasty trusts that last for generations? Which states give people the best asset protection against potential creditors? Which states are most business-friendly? What’s the difference between Kansas and Missouri trusts and probate? Does Kansas or Missouri give you better bankruptcy protection? We’ve often dealt with these questions and more, so my office, Johnson Law KC LLC, is experienced, ready, and looking forward to help you with your estate planning or other legal needs, please give us a call (913-707-9220) or email (firstname.lastname@example.org) for a convenient appointment and free consultation.
(c) 2013, Stephen M. Johnson, Esq.