Effective estate, tax planning for families
When death strikes a property or a business owner unexpectedly, heirs suffer. Huge estate taxes have financially wiped out many family fortunes. The best time to prepare for this is when you are still alive. And when you really plan ahead, you outsmart the tax system legally. If you do not plan your estate, lawyers will have to settle it. Taxes will be high and there is a possibility of litigation if heirs contest it. To help and guide you, the Center for Global Best Practices is hosting a one-day pioneering seminar entitled, “’Families’ Guide to Estate and Tax Planning.” scheduled on March 10, at the EDSA Shangri-La Hotel, Mandaluyong City.
For details and a complete list of best practices seminars including Taxation of Professionals and General Partnerships, Tax Rights and Remedies, Super Memory Program for Older Adults, and more, you may log on to www.cgbp.org or call (+63 2) 8427148/59 and 5568968/69, Cebu: (+63 32) 5123106 or 07 or Baguio: (+63 74) 4235148.
On this one-day seminar, learn the secrets of tax-savvy rich families who are able to save millions of avoidable taxes with the right tax exempt and tax saving strategies in the transfer and disposition of their assets to their families and the next generation. An expert practitioner will help you align your tax strategies with the recent tax laws and most recent BIR regulations and rulings. CGBP will teach you novel asset protection strategies, including solutions and remedies to unlock frozen assets due to unpaid taxes. Best of all, CGBP will show you the correct valuation method of your property so you can deal fairly and squarely with the tax authorities who at times can be vague about how they arrived at their own valuation.
This special seminar will feature taxation and commercial law expert, lawyer Nicasio Cabaneiro, CPA. He has over 40 years of teaching experience and 25 years with the Bank of Philippine Islands capping his career as its vice president and head of the legal services division (1982 to 2007). He is a sought-after lecturer and tax consultant of various institutions across many industries as well as high net worth individuals to help them with their tax and other legal matters. He finished his Bachelor of Science in Accounting and Auditing, magna cum laude, in San Beda College in 1967 and Bachelor of Laws degree, cum laude, from the same institution in 1973.