U.S. Tax Treatment of Gifts and Inheritances From Nonresidents

A live 90-minute CLE video webinar with interactive Q&A


Tuesday, February 16, 2021

1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, January 29, 2021

or call 1-800-926-7926

This CLE webinar will focus on (a) the tax aspects of gifts of U.S. assets by nonresident aliens, and (b) U.S. estate tax consequences of a nonresident alien dying with U.S. assets in his portfolio. The panel will outline and analyze hypothetical gift and estate planning scenarios and offer effective planning techniques for counsel.

Description

Nonresident aliens who own property in the U.S. are subject to various U.S. estate and gift tax rules. Trusts and estates counsel must have a clear understanding of those rules' potential tax implications for nonresident gifts and devisees, so counsel can implement appropriate planning methods to avoid unintended tax consequences.

Generally, nonresidents donors or their estates are taxed only on the value of their U.S. situs assets, including real and tangible personal property, business assets, and stock of U.S. corporations. As for gift taxes, nonresidents are subject to U.S. gift tax only on transfers of tangible personal and real property located in the U.S. and real property located in the U.S.

Listen as our panel discusses issues for trusts and estates counsel for gifts of U.S. assets by nonresident aliens, focusing on relevant tax rules and potential estate planning pitfalls and opportunities. The panel will also outline and analyze hypothetical estate planning scenarios and offer effective planning techniques for counsel.

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Outline

  1. Domicile for estate and gift tax purposes
  2. Estate, gift, and generation-skipping transfer tax rules applicable to NRAs
  3. Pitfalls to avoid for NRA gifts under U.S. tax law
  4. Potential opportunities
    1. Gifts/bequests by nonresident aliens
    2. Dynasty trusts
    3. Reporting issues for U.S. recipients
  5. Best practices for trusts and estates counsel

Benefits

The panel will review these and other key issues:

  • What are the key considerations in determining domicile for estate and gift tax purposes?
  • What estate, gift, and generation-skipping transfer tax rules apply to nonresident aliens?
  • What gift and bequest opportunities are available from nonresident aliens to U.S. citizens?/li>
  • What reporting issues should counsel be cognizant of when U.S. persons receive gifts and bequests from nonresident aliens?

Faculty

Raby, Burgess
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

Rhoades, Rufus
Rufus Rhoades

International Tax Attorney
Rufus v. Rhoades

Mr. Rhoades provides tax consulting to law firms, accounting firms, and international trust companies. He specializes...  |  Read More

Live Webinar

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Live Webinar

$247

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$344

Live Webinar & DVD

$344 + $24.45 S&H

Other Formats
— Anytime, Anywhere

Early Discount (through 01/29/21)

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$247

Download

48 hours after event

$247

DVD

10 business days after event

$247 + $24.45 S&H