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The main and greatest difference is obvious. When an investment is made in your own name, you are responsible for that investment, not only for the profits and losses, but also for the taxes, rights, and obligations derived from the investment regardless if you invest in securities, businesses, or other types of assets. This is not always the same result when you invest through a corporation or another legal structure. It’s important to note here that the majority of corporations or legal structures are not necessarily created or established to avoid or reduce investment risks, taxes, or liabilities for the owners or shareholders, even in those cases where irrevocable trusts or corporations in foreign jurisdictions are used. Therefore, it’s important to consult with an expert attorney that really understands the client’s needs and culture, and able to create a protection plan that fits those needs and culture.
We Offer Complete International Estate Planning Services
Are you an ultra-wealthy citizen of Mexico or other Latin American country who has considerable investments and assets in the U.S. as well as in your home country? You need to speak with an international estate planning attorney. MEG International is committed to helping you protect your assets, control the distribution of your assets after death, and determine the direction of your business or family after you are gone. Call us at (800) 694-6604 or contact us online today. Do not put off this important decision for later. Our firm will provide you with trustworthy and reliable representation so you can get the peace of mind of having made the right decisions.