Many people who are highly educated citizens of foreign nations come to work in the United States on a temporary basis on H-1B visas. The H-1B visa allows an individual from another country with at least a bachelor’s degree (or significant experience) to come to work here in the United States in a “specialty occupation.”
The question has come up as to the citizenship of a child born here while the parents are technically only present here temporarily for work. Continue reading Estate Planning for H-1B Workers: Part 1 – If my child is born here, is he a US Citizen?
UPDATE: The Supreme Court has ruled on this matter. Click here to read more.
Are Inherited IRAs Exempt from Bankruptcy? That is the exact question that will be argued before the United States Supreme Court. Click here to read more. Keep up with the latest on the case by clicking here.
An Inherited IRA is what your retirement account is called in the hands of your named beneficiary (e.g., your child) after you have passed away.
There is no question as to whether retirement assets are exempt in bankruptcy. The question before the Court is whether Congress intended an inherited retirement account to be included in that protection.
Continue reading Are Inherited IRAs Exempt from Bankruptcy?