Trusts and Estate Planning for International Clients

Planning Reimagined

Hosts Kris Stegall and Celeste Moya are joined by International Wealth specialists Robert Smith and Steve Hare to discuss financial and estate planning in a globalized world. The conversation covers what companies and individuals need to know when investing in other countries. They discuss various tax-related issues, including capital gains tax hikes, expatriation during election years, and the nuanced tax obligations for non-US citizens owning property or investments in the US.

The episode also explores estate tax complexities, the taxation of foreign trusts, and the critical need for proper planning and professional counsel when dealing with cross-border financial matters. Steve and Robert share real-life examples to highlight the importance of strategic structuring, whether for business purposes or personal investments, to avoid unforeseen tax liabilities and ensure compliance on multiple fronts.

To connect with Robert Smith, visit: https://savillecpa.com/

To connect with Steve Hare, visit: https://www.ydklaw.com/

To schedule an appt with the Robin Glen team, visit: www.calendly.com/ccmoya

To learn more about Robin Glen, visit: https://www.robinglen.com/

Key Topics Covered:

• Impact of the 2009 Swiss bank scandal on financial disclosure
• Effects of the Corporate Transparency Act on financial privacy
• Pros and cons of increased financial transparency in the US
• Capital gains tax changes in Canada
• Tax obligations for non-US citizens owning US property or investments
• Estate and gift taxation nuances for US residents and non-residents
• Importance of thorough planning for cross-border business and real estate investments
• Tax implications for foreign trusts benefiting US persons
• Examples of real-world tax planning challenges and solutions
• Necessity of professional advice for global tax compliance