6-Hour Program

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Overview

Why you should attend

You should attend this program to strengthen your understanding and expand your perspective of the fundamental and advanced issues in estate and tax planning for international private clients. Individuals with connections to more than one country - international private clients - need sophisticated succession and tax planning advisors to help them navigate a complex and sometimes treacherous legal, tax and regulatory environment. These clients include U.S. persons with assets or beneficiaries outside the United States, as well as non-U.S. persons with U.S. connections. Their advisors must view a client’s specific circumstances from a multijurisdictional perspective. To do this effectively, advisors need to understand the interplay, both within and between countries, of income taxes, estate and gift taxes, marital property and inheritance laws, immigration and nationality laws, tax and non-tax reporting requirements, the use (and sometimes abuse) of entities and arrangements such as companies, trusts and foundations, and the principles of conflict of laws. These factors must be addressed in an increasingly transparent environment created by recent unilateral and inter-governmental initiatives in tax enforcement and disclosure.

What you will learn

  • Foreign trusts in international planning: why they are still relevant
  • Offshore trust litigation: what gets fiduciaries, settlors, and beneficiaries into trouble and how to avoid it
  • Current requirements in international informational tax reporting
  • Developments in the Offshore Voluntary Disclosure program: choosing the program or an alternative
  • FATCA, foreign trusts, and private investment companies: determining the optimal compliance path
  • Marital property: how to identify the applicable property regime and plan effectively for multi-jurisdictional spouses

Who should attend

Anyone who works with private clients with international interests or connections, including attorneys, accountants, relationship managers of U.S. and foreign financial institutions, insurance brokers, financial planners, employees of family offices, and anyone who acts in a fiduciary capacity for private clients with international interests or connections or their structures.

Credit Details