Name
Foreign Tax Issues for the Domestic U.S. Estate Planner
Date & Time
Wednesday, July 31, 2019, 9:05 AM - 10:05 AM
Speakers
Description
This session covers 3-5 case studies to highlight the following topics:
1. Foreign person wishes to retain current home country residency status but is buying U.S. real estate perhaps for a relative living in the U.S. What are the tax issues and what is the optimal ownership structure?
2. Foreign person has accumulated significant home country wealth and only child lives now in U.S. on a visa with intent to become U.S. citizen. What are the legal and tax issues and what is the optimal ownership structure to minimize future U.S. income and transfer taxes?
3. Foreign person is contemplating moving full time to U S; what are the pre-immigration tax strategies available to this person to minimize U S income and estate tax (will not have time to discuss the visa/immigration strategies)
4. Foreign person abandons foreign residency and is now a U.S. resident for income tax purposes but still owns a business back in the home country. What are the U.S. income and estate tax strategies and reporting obligations to the U.S.?
Sessions
Melvin A. Warshaw
Course Level
Advanced
Course Focus
Trusts & Estates
Credit Type
General
Eligible CLE Credits
1.00
CLE Eligibility
Eligible for CLE credit