U.S. estate planning and compliance for non-resident aliens. 9 February 2023

Program Description:

Individuals who are neither citizens nor residents of the U.S. often do not realize that their investments in the U.S. may bring them within the scope of the U.S. transfer tax system. Prior to making any investments in the U.S., such individuals should seek estate planning advice in order to properly structure their investments with U.S. estate, gift, and generation skipping transfer taxes in mind in order to ensure that they have a tax efficient structure in place.  

The presenters will discuss the common planning considerations available to non-resident aliens in structuring their U.S. investments in the context of the U.S. federal estate and gift tax, including a discussion of the rules unique to taxation of non-residents, the potential availability of estate, gift, and inheritance tax treaties to provide relief from double taxation, and compliance issues relevant to non-resident aliens and their estates.

Presenters:

Rachel Harris counsels clients in connection with all aspects of domestic and international estate planning for individuals and families, pre-immigration planning prior to arrival in the U.S., trust and estate administration, trust and estate income taxation, charitable giving, and operation of tax-exempt organizations. Her practice extends to all facets of estate and gift tax planning and encompasses multijurisdictional and international matters. Highly regarded for her breadth of experience in resolving complex technical matters that involve more than one jurisdiction, Rachel enjoys helping her clients and their advisers navigate and manage whatever tax, succession or related matters they may face. She also has a depth of experience advising clients in connection with California fiduciary income tax matters and assists clients with regard to their charitable objectives, including private foundations.

George Farber has more than 30 years of experience, specializing in the areas of trusts and estates, gift planning and other forms of wealth planning and preservation. He focuses on serving ultra-high-net-worth individuals and their family members, family offices and their related entities, including trusts, private foundations, corporations, partnerships and LLCs. His combined background in the accounting, legal and financial services industries helps him work effectively with the outside advisors that are typically part of a client’s overall wealth management team.