Multi-national Estate Planning

We have been engaged in the representation of multi-national estate planning clients. The key point is that a U.S. citizen is subject to estate taxes on his or her worldwide assets. It is only the treaty between the U.S. and a second country and use of credits that could mitigate the tax. This involves analysis of the U.S. estate tax system in connection with the estate tax system of other countries. The U.S. has entered into treaties with many countries which provide a roadmap for maximizing estate and tax benefits. (For those clients who have both Canadian and U.S. citizenship or other multi-national issues, recent treaty amendments have attempted to reconcile the U.S. estate tax with the Canadian capital appreciation tax on death by providing offsetting credits depending upon a number of factors.)

Recent News

Amanda Hunt Franklin admitted as member; firm changes name to Guttenberg & Franklin, LLC

New Estate and Gift Tax Changes for 2011 and 2012; A 2-Year Window of Opportunity

New Maryland Financial Power of Attorney Effective October 1, 2010: Action Required!

Our NYC Satellite Office

Aryeh selected as SuperLawyer for 2011

More Articles...