U.S.-Israeli Tax and Estate Planning for Dual Citizens
Reconciling U.S. and Israeli Law on Trust Taxation, Inheritance Laws, Situs Wills, and Wealth Transfers
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE webinar will provide estate planners with a helpful guide to estate planning tax challenges and opportunities for clients who have a tax presence in both the United States and Israel. The panel will discuss the U.S. tax law and treaty provisions that govern tax rules in both Israel and the United States. The webinar will focus on Israeli tax treatment of trusts with U.S. persons as settlors and Israeli residents as beneficiaries.
- U.S. and Israeli inheritance procedures and relevant taxation
- Israeli income tax treatment of foreign trusts
- U.S.-Israel income tax treaties
- U.S. disclosure requirements
- Structuring and planning for trusts and transfers prior to emigration to Israel
The panel will review these and other notable issues:
- What are the considerations required to reduce the overall cost of inheritance including relevant taxation, when there are U.S. and Israeli nexuses?
- What is the tax treatment for foreign-settled trusts with Israeli beneficiaries?
- Where are the “gap” areas in the U.S.-Israel tax treaty where income may be subject to dual taxation, and how may planners structure trust vehicles that minimize the dual tax impact?
K. Eli Akhavan
Chair, Private Clients and Wealth Preservation Group
Mr. Akhavan focuses his practice on domestic and international estate, asset protection and tax planning for high... | Read More
Mr. Akhavan focuses his practice on domestic and international estate, asset protection and tax planning for high net-worth individuals and their families. His clients include executives, real estate owners and professionals, nursing home operators, professional athletes, entrepreneurs, owners of closely-held businesses and hedge fund and private equity professionals. Additionally, Mr. Akhavan represents family offices in their tax, estate and business succession planning needs. He is a is a widely published author and frequent speaker on estate planning issues.Close
Gidon Broide, CPA
Broide and Co.
Mr. Broide provides accounting and tax services to Israeli and foreign clients. He and the firm are specialists in the... | Read More
Mr. Broide provides accounting and tax services to Israeli and foreign clients. He and the firm are specialists in the fields of Israeli taxation, including taxation of trusts, individuals and corporate entities. The majority of his clients are Israelis from the Anglo-Saxon countries, mainly the US. He and his team advise multinational Jewish families on their tax planning, working closely with top local firms in various countries. He is a qualified Israeli and US CPA with 19 years of experience.Close
Debra T. Hirsch
With more than 35 years of tax law experience, Ms. Hirsch represents clients in sophisticated estate tax planning,... | Read More
With more than 35 years of tax law experience, Ms. Hirsch represents clients in sophisticated estate tax planning, charitable planning, preparation of wills and trusts and estate administration. She has a particular focus on advising individuals and fiduciaries on certain matters involving the United States and Israel, such as U.S. estate planning for dual citizens who are residents of Israel, and tax issues involving U.S. citizens who have children or grandchildren in Israel, particularly in connection with recent changes to the Israeli trust income tax law.Close
Felicia M. Seaton, Esq.
Osher Felicia International Law Office
Ms. Seaton practices U.S.-International estate planning and individual tax, U.S. probate and estate administration and... | Read More
Ms. Seaton practices U.S.-International estate planning and individual tax, U.S. probate and estate administration and tax. She has over 20 years’ experience advising dual citizens, Israelis and green card holders regarding U.S. inheritance and tax issues, and renunciation of U.S. citizenship and green cards.Close