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

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