Estate Planning for Mixed Nationality Couples: Key Issues and Strategies for Both the U.S. and Non-U.S. Spouse
Tax Resident Status, Spousal Deduction, QDOTs, Income Tax Issues, Gifting Strategies and Shifting Tax Burden, Trusts, and More
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE webinar will give estate planners and advisers an in-depth discussion of various challenges and estate planning techniques for mixed-nationality couples. The panel will discuss key planning considerations and available options, the impact of tax resident status on estate planning, and U.S. citizenship-based taxation planning repercussions where one spouse is a U.S. citizen. The panel will explore challenges for couples who live and work outside the U.S. and are subject to tax rules of multiple countries, gifting and shifting the tax burden to the non-U.S. spouse, and other vital issues.
Outline
- Estate, gift, and GST tax rules impacting mixed nationality couples
- Sample estate planning scenarios
- Trouble spots and pitfalls to avoid
- Estate and gift tax treaties
- Planning opportunities
Benefits
The panel will review these and other key issues:
- What estate, gift, and generation-skipping transfer tax rules must be considered for mixed nationality couples?
- How do immigration and resident tax status impact available planning opportunities?
- What issues arise for joint and separate ownership of assets?
- What gifting mechanisms are available to shift the tax burden to non-U.S. spouses?
- What planning is available in light of a lower personal exemption/unified credit for non-U.S. persons?
- Incorporating estate and gift tax treaty benefits or exceptions into the estate planning strategies
Faculty
K. Eli Akhavan
Partner
Steptoe & Johnson
Mr. Akhavan focuses his practice on tax and estate planning for high-net-worth US and non-US clients. He advises... | Read More
Mr. Akhavan focuses his practice on tax and estate planning for high-net-worth US and non-US clients. He advises domestic and international individuals and families with respect to tax and estate planning for their US assets and beneficiaries. Mr. Akhavan also advises cross-border clients on all aspects of international estate matters, including foreign trusts, pre-immigration and expatriation planning, and on planning for the purchase of US residential and investment real property. He has considerable knowledge of the reporting requirements applicable with respect to foreign financial accounts and assets and with respect to FATCA and its global equivalent, the Common Reporting Standards (CRS). Mr. Akhavan's practice includes advising clients on the formation of private trust companies for purposes of wealth management and privacy.
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Christopher J. Byrne, CPA
Attorney
Christopher J. Byrne
Mr. Byrne has been practicing in the field of international taxation and cross-border estate planning as a Certified... | Read More
Mr. Byrne has been practicing in the field of international taxation and cross-border estate planning as a Certified Public Accountant and as an Attorney at Law for over 25 years.
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Burgess Raby
Principal
Raby Law Office
Mr. Raby's practice focuses on international tax matters, including planning for foreign investment into the United... | Read More
Mr. Raby's practice focuses on international tax matters, including planning for foreign investment into the United States, planning for United States persons investing and undertaking businesses outside the United States, ownership of foreign real estate by United States persons (FIRPTA), and ensuring that all United States reporting requirements are met, including FATCA, FBARs, and various IRS information returns. He also includes advising start-up companies and tax litigation matters, both international and domestic.
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