Blog – Page 2 – Alex R. Hernandez Jr. Probate Lawyers

Corpus Christi Elder Law Attorneys

August 22, 2021September 21, 2014 by alexhernandezjr

Corpus Christi Elder Law Elder law is the legal practice which focuses on issues affecting elder populations. If you have a loved one in assisted living, a nursing facility, or that will be requiring long-term care within the next few years, you will need someone to help you plan ahead. Our firm can walk you … Read more

Our main Website

August 22, 2021May 5, 2014 by alexhernandezjr

This site is dedicated to probate issues. Our main website page is www.alexhernandeztriallaw.com. We handle many other matters other than probate law. Call us today.

What is Probate?

August 22, 2021March 15, 2014 by alexhernandezjr

Probate is the legal process after someone dies of: 1) Reading the will (if there is one) 2) Entering that will into the courts 3) Proving that will is valid 4) Naming the executor/administrator or person in charge of the will and the assets of the estate 5) Appraising property 6) Paying debts and taxes … Read more

Estate Planning and Probate News Items

🌱Chill Bros. Ice Cream Opens In Water Street + Cop Hit With Hot Dog - Patch
🌱Chill Bros. Ice Cream Opens In Water Street + Cop Hit With Hot Dog Patch
Ex-pat issues
I'm a US citizen married to a foreign citizen with no ties to the US. I'm living abroad with no intent to return to the United States except for the occasional visit. I have been having fights with my wife and her family over the reporting requirements to the IRS. My wife and her family think FATCA, FBAR, CRS, and income based taxation rules are invasive and a violation of human rights. They are paranoid about the US government and see it as becoming more and more authoritarian. Members of her family were political prisoners during the communist years and that is ingrained in the family memory. They started to get really anti-US with the persecution of Julian Assange. We keep our finances separate to avoid triggering the reporting requirements on her accounts. I work remotely and primarily deal with US clients and get paid using my US bank account so it hasn't been a real problem for us just yet. I just file my taxes normally. Here is where it gets complicated. My wife and her family own a family business. Years ago, I gave them money to start the business. Over the years, I have helped them grow to a substantial size with many invests. I never had any finsncial interest in the business. I helped them because they were family. Because I helped them so much they want to give me an ownership stake in the business. I explained to them again that as a US citizen I would have to report to the IRS my ownership and pay the IRS taxes. This caused a major scandal. The family told me specifically never to report anything that has to do with them to the US and that this family will never pay anything to that criminal regime. They had a consultation with an attorney. My wife and her family now want to set up a trust and have me as one beneficiaries. One of the stipulations of the trust is that beneficiaries maintain privacy of family financial interests including existence of trust itself in order to receive any distributions from the trust. The trustee must remove a beneficiary from the trust for privacy violations. The trustee has the sole authority on what confidential information can be shared. Local laws also do not allow the sharing of information without consent of all parties that can be affected or an order from the local court. I'm not sure what to do. I'm pretty sure as a US citizen I'm supposed to report my interest to the IRS but if I do I lose my interest in the trust and I'll have marital problems. I'll be seen as betraying the family. I'll also be violating the laws of the country I'm living in but if I don't I'll be breaking US law. The family told me it is accept this as a member of this family or get nothing. Can anyone advise? submitted by /u/SilentDevilMaster [link] [comments]
Ancillary Probate and How to Avoid Needing One - Lancaster Farming
Ancillary Probate and How to Avoid Needing One Lancaster Farming

Corpus Christi Elder Law Attorneys

Our main Website

What is Probate?

Probate Lawyers

Corpus Christi Probate law

Alex Hernandez Jr