Usufructs: U.S. Taxation and Information Reporting, Minimizing Inheritance Tax in Other Countries
Form 3520, FATCA, and FBAR Reporting Requirements
A live 110-minute CPE webinar with interactive Q&A
This webinar will explore the use of usufructs in inheritance planning and the U.S. tax obligations these arrangements can create. Our seasoned international tax professional will provide examples explaining how usufructs are utilized to mitigate gift and estate tax in specific countries and when these contracts create U.S. reporting requirements.
Outline
- Usufructs: introduction
- Treatment for U.S. tax purposes
- Gift and estate tax
- French usufructs
- Usufructs in other countries
- FBAR, FACTCA, and Form 3520 reporting requirements
- Late-filing remedies
Benefits
The panel will cover these and other critical issues:
- When a usufruct holder might be considered a controlled foreign corporation
- How usufructs operate to mitigate inheritance tax in specific countries
- When a usufruct might trigger Form 3520 and FBAR reporting obligations
- Remedies available for late and missed required U.S. reporting requirements
Faculty
Mishkin Santa, JD, LLM, TEP
Principal, Director of International Tax
The Wolf Group
Mr. Santa focuses his practice on repatriation tax, as well as individual income tax compliance, estate, gift &... | Read More
Mr. Santa focuses his practice on repatriation tax, as well as individual income tax compliance, estate, gift & trust tax compliance, FBAR Assistance, foreign trust tax compliance, exit tax planning, EB-5 investor program, international assignment structuring and planning, offshore voluntary disclosure programs, foreign corporation (Subpart F, Transfer Pricing, E&P Studies), and asset protection planning. His client base includes U.S. citizens living overseas, U.S. nonresidents, EB-5 investors, U.S. domestic individuals and families, international businesses, international based families with investments in multiple jurisdictions and tax residency in multiple jurisdictions, U.S. citizens or residents who are beneficiaries of foreign trusts and who will receive gifts or inheritances from non-US persons, and trustees of trusts with U.S. grantors or U.S. beneficiaries.
Early Discount (through 10/24/25)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event.
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NASBA details.
Cannot Attend November 20?
Early Discount (through 10/24/25)
CPE credit is not available on downloads.
CPE On-Demand
