The US Income tax implications of itinerant trustees and beneficiaries. 16 February 2023

STEP Miami is delighted to welcome Arianne Plasencia of McDermott, Will and Emery to lead the discussion for our first lunch & learn of 2023.

Wealthy families have become much more mobile in the last few years, accelerated by the displacements and movements in response to COVID. For wealthy families with trusts as their primary wealth management vehicles, this can pose significant tax and FATCA/CRS reporting issues if family members who are trustees or beneficiaries of such trusts move to different jurisdictions. Guest speaker Arianne Plasencia will highlight these issues and examine the U.S. federal and state income tax consequences which arise from such changes in residency and domicile.