Estate Planning Involving Resident and Non-Resident Aliens
Navigating Estate, Gift and GST Tax Rules and Leveraging Estate and Lifetime Gifting Opportunities
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Thursday, September 20, 2012
Recorded event now available
This CLE webinar will focus on the key issues that arise in estate planning for resident and non-resident aliens, including relevant tax rules and potential estate planning pitfalls and opportunities. The panel will discuss hypothetical estate planning scenarios for both groups.
Description
With an increasing number of high net worth clients acquiring citizenship or permanent residency in multiple countries, counsel should recognize the issues that can arise in estate planning. An initial inquiry should first establish whether a new client is a U.S. citizen or a legal permanent resident of the U.S.
Spouses and children may have different citizenships and/or residency status, which will also affect the estate plan. Many non-resident aliens have children/grandchildren who are U.S. citizens. There may be significant transfer tax advantages of gifts and bequests from non-resident aliens to U.S. citizens.
Estate planning attorneys should be able to identify those opportunities and understand the reporting issues that may apply to the U.S. citizen recipients of those gifts. Counsel should also be cognizant of issues that may arise when non-U.S. citizens acquire U.S. assets.
Listen as our panel of estate planning attorneys experienced in international issues discusses the estate, gift and generation-skipping transfer tax rules that apply to resident and non-resident aliens. The panel will also outline basic planning scenarios and key potential trouble spots and opportunities.
Outline
- Estate, gift and generation-skipping transfer tax rules applicable to aliens
- U.S. residents
- Non-U.S. residents
- Effect of bilateral estate and gift tax treaties
- Sample estate planning scenarios
- U.S. legal permanent resident married to U.S. citizen
- Both spouses are U.S. legal permanent residents
- U.S. non-resident alien married to U.S. citizen
- U.S. non-resident alien with U.S. assets
- Potential trouble spots
- Choosing executors/trustees
- Children with different citizenships
- Covered expatriates
- Potential opportunities
- Gifts/bequests by non-resident aliens
- Dynasty trusts
- Reporting issues for U.S. recipients
Benefits
The panel will review these and other key questions:
- What estate, gift and generation-skipping transfer tax rules apply to resident and non-resident aliens?
- What gift and bequest opportunities are available from non-resident aliens to U.S. citizens?
- What reporting issues should counsel be cognizant of when U.S. citizens are recipients of gifts and bequests from non-resident aliens?
Faculty
Stephanie E. Heilborn, Partner
Fulbright & Jaworski, New York
Her practice focuses on domestic and international estate planning for high net worth individuals. She is a frequent lecturer and author on estate planning topics. She currently serves as a Vice-Chair of the International Private Client Committee of the ABA International Law Section and was named recently by Citywealth Magazine as a Leading Lawyer in North America for international estate planning.
Monika Jain, Counsel
Phillips Nizer, New York
Her practice focuses on estate planning for high net worth individuals. She has extensive experience with lifetime giving and estate planning techniques, including the establishment of dynasty trusts, various grantor trusts and charitable trusts. She advises clients regarding charitable giving, and assists with the creation of charitable entities.
Ordering
Online CLE - Audio Recording
Includes streaming audio of full program plus handouts (available 24 hours after live program).
CLE:
Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*.
Pre-approved for self-study credit in: AK, AZ, MO, MT, TX*, VT, WA.
Upon request, also available in: CO, CT*, FL, GA, ID, KY, LA*, ME, NC, ND, NE, NH, NM, NV, OR*, SC, TN, UT, WI, WY. If you are applying for credit in one of these states, make sure to select those states when placing your order.
(*Indicates that Strafford must report attendance.)
Online CLE Audio $147.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX*, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID*, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*Indicates that Strafford needs to process the CLE — see below to purchase this option.)
Webinar Download (Slide Presentation with Audio) $147.00
Available three business days after the live event
DVD (Slide Presentation with Audio) $147.00
plus $9.45 S&H
Available ten business days after the live event
MP3 Download (Audio with Slide PDFs) $147.00
Available 24 hours after the live event
CD (Audio with Slide PDFs) $147.00
plus $9.45 S&H
Available ten business days after the live event
Webinar/Teleconference
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CLE Credit
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Customer Reviews
I thought the information provided was great.
Erika Gamiz
Law Offices of Marcia L Kraft
The webinar offered excellent insight into some specific areas.
Beth Ann R. Lawson
Virginia Beach Law Group
The program was well organized and discussed the major issues.
Roxy Hammett
Wolff & Samson
Better than I expected. Well done on both subject matter and production quality.
Jeff Simpson
Gordon, Fournaris & Mammarella
The seminar was very informative and easy to understand.
Amy Allison
Anderson Hunter Law Firm
Estate Planning Advisory Board
Partner
Annino & Ligon
Consultant, Speaker and Author
Napa, CA
Partner
McArthur Franklin
Partner and Practice Group Leader - Tax
Waller Lansden Dortch & Davis
Partner
Schiff Hardin
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