U.S.-Israeli Tax and Estate Planning for Dual Citizens
Reconciling U.S. and Israeli Law on Trust Taxation, Inheritance Laws, and Wealth Transfers
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE course will provide estate planners and tax advisers 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 governing tax rules in Israel and the United States. The webinar will focus on the Israeli tax treatment of trusts with U.S. persons as settlers and Israeli residents as beneficiaries.
Outline
- Estate planning and probate for the global family involving the U.S. and Israel
- Israeli income tax treatment of foreign trusts
- U.S.-Israel income tax treaties
- U.S. disclosure requirements
- Structuring and planning before emigration to Israel
Benefits
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 impact?
Faculty
Gidon Broide, CPA (Israel & US), TEP
Managing Partner
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 families on their tax planning, working closely with top local firms in various countries. He is a qualified Israeli and US CPA with over 20 years of experience.
Close
Osher Felicia M. Haleli, Esq. TEP
Founding Attorney
Osher Felicia International Law Office
Ms. Haleli practices U.S.-International estate planning and individual tax, U.S. probate and estate administration and... | Read More
Ms. Haleli 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
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.
Close
Matthew A. Levitsky
Partner
Fox Rothschild
Mr. Levitsky handles a range of taxation and wealth planning matters, including domestic and international estate... | Read More
Mr. Levitsky handles a range of taxation and wealth planning matters, including domestic and international estate planning, business succession planning, tax controversies, estate and trust administration, and charitable giving, for both corporate and individual clients as well as tax-exempt organizations.
Close