It may also be a way to pull settlement money directly into state coffers and bypass taxing authorities.
FORBES: New York AG's Private Equity Investigation: Money Grab or Shameless Politics?
Some way would have to be found to bypass an Argentinian law that mandates open bidding for state contracts.
ECONOMIST: China and Latin America
That means that if you have a cookie-cutter plan that automatically funds a bypass trust for the full federal exemption at the death of the first spouse, you could incur unnecessary state taxes.
FORBES: Estate Tax Fraud
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