Topics included identifying assets that are subject to the United States transfer tax; planning ideas for the non-citizen client or couple; pre-immigration planning; choosing a guardian for minor children when all of the family is overseas; Canada’s laws and the Canadian citizen; and more!
On the estate tax and gift tax fronts, the laws and rules are different depending on whether someone is a domiciliary; non-domiciliary; or a citizen. People have to take the time to understand the law as it applies to them; have their Trusts drafted accordingly; and undertake their income tax and Estate Planning based upon their citizenship, domicile, and plans for the future. From time-to-time, I will write about specific international Estate Planning issues, but just know that it makes the planning puzzle a bit more complex. Comments are closed.
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Michael Burstein
Estate Planning and Probate Attorney, Manhattan Beach Local, Sports Enthusiast
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April 2023
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