A Guide to International Estate Planning for U.S. Citizens, Residents, Trusts and Assets

(189 Ratings)

Produced on: December 13, 2018

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 92 minutes
Difficulty Intermediate

Domestic estate planners more and more frequently encounter international fact patterns: non-citizens who reside in or spend time in the United States or are considering moving here; U.S. persons who receive gifts from foreign persons, U.S. citizens living abroad or owning foreign assets; U.S. citizens who marry citizens or residents of other countries. The U.S. tax and other laws in the cross-border area differ significantly from the domestic U.S. rules.

This course, presented by G. Warren Whitaker and Edda Santiago of Day Pitney LLP, will review basic concepts and frequently encountered fact patterns in international estate planning involving U.S. citizens and residents.


Learning Objectives:

  1. Discern the differences between a U.S. and a non-U.S. person and how they are taxed
  2. Identify the tax and reporting requirements for U.S. persons who have foreign income, accounts, or assets
  3. Examine the special estate and gift tax rules relating to the non-citizen spouse
  4. Consider planning ideas for foreign persons who want to benefit U.S. persons, purchase U.S. assets, or move to the U.S.
  5. Explore what is involved in expatriation and how it is treated

Faculty

G. Warren Whitaker

Day Pitney LLP

G. "Warren" Whitaker assists high net worth individuals and multinational families with complex domestic and international estate planning and related income tax, corporate and personal financial planning. Clients seek his experience with sophisticated international transactions; trust and estate issues, both domestic and international; family office needs; and trust services and fiduciary compliance. He is a former member of the firm's Executive Board.

Warren is a prolific writer and international speaker. Since 2003, he has been published or cited nearly 80 times in respected news sources, such as Bloomberg, The New York Times and Worth Magazine. He is the lead author of Private Clients Legal and Tax Planning, published by PLI in 2016, and co-authored the United States sections of Tottel's Succession Law and Bloomsbury's International Succession Laws.

He has also served in variety of leadership roles in his professional community, including serving as U.S. chair of the U.K.-based Society of Trusts and Estates Practitioners (STEP), member of the STEP Worldwide Council and chair of the Trusts and Estates Law Section of the New York State Bar Association, as well as the Section's International Estate Planning Committee and Estate Administration Committee and a former district representative.

Among his honors and recognitions is selection as a fellow of the prestigious American College of Trusts and Estates Counsel (ACTEC) and its International Estate Planning Committee.

For years, Warren's peers have named him to lists of top lawyers. As Chambers USA described him, "Warren Whitaker is the leading figure in the practice and is sought by clients for 'his depth of experience and intellect, and his very good grasp of cross-border taxation.'" Worth Magazine has named Warren as one of the nation's 100 Top Wealth Advisors. He also speaks French.

Edda Santiago

Day Pitney LLP

Edda represents high net worth and multijurisdictional clients in the areas of cross-border income and estate tax, gift and succession planning, and estate administration. Her practice involves will and trust preparation, pre-immigration and expatriation planning as well as tax issues of foreign trusts with U.S. beneficiaries, structuring investments in U.S. real estate by non-U.S. persons, developing wealth transfer structures for multinational families and advising individuals with overseas interests in foreign accounts and trusts on U.S. tax and reporting obligations.

Edda has dedicated many hours to providing pro bono services, mentoring students and engaging in philanthropic activities. She has mentored students through the Hispanic National Bar Association, PALS and Legal Outreach mentorship programs. She is a New York Junior League volunteer and previously served on the executive committee of the American Ballet Theatre's Junior Council.

While at St. John's University School of Law, Edda was a Research Assistant for Professor Margaret Turano, assisting with the revision of the New York Estates, Powers and Trusts Law Practice Commentaries and served as President of the Latin American Law Students Association.


Reviews

NP
Nancy P.

For a very complicated topic, the speakers made it understandable.

JN
John N.

The course covers a very complex and specialized area of the law. Basic differences in treatment occur between U.S.- and non-U.S. persons. Among the issues to be wary of are situations involving reporting of income even though no tax is owed, and the difficulties of CFC's, PFIC's, and foreign non-grantor trusts. The presenters are both extremely knowledgeable and familiar with the material and the issues.

DR
Damien R.

I have been using Lawline for more than 10 years. This is the best presentation that I have viewed so far.

FY
Francis H. Y.

Audio great. I use hearing aid. Speakers slow and easy to follow

JF
John F.

Very informative CLE on a rather complex area of practice. Will definitely revisit!

TL
Thomas L.

Excellent and well organized presentation. Thank you for presenting this.

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$89

$ 89 Tax Law, International Law, and Wills, Trusts, & Estates In Stock

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