Are foreign trusts and estates subject to U.S. Estate and Gift taxes? The short answer: sometimes. The U.S. taxation on the transfers of property by a […]
The answer to this question turns on balancing risk against efficiency. If you are an international individual, having property in more than one country, then you […]
Yes, there are several. Consider three. First, a single multi-jurisdictional will can help eliminate potential confusion and controversy. For example, which will applies to which property? […]
As explained elsewhere in the International Estate Planning section, the decision to use one Will that covers multiple jurisdictions (i.e. multi-jurisdictional Wills) depends upon several factors. […]
Using two or more separate situs Wills can possibly speed the administration of a multi-jurisdictional estate (i.e. where your property is located in several countries). However, […]
The process sounds easy enough, but to accomplish the twin goals of privacy and limits on creditor’s claims, careful drafting is required. Consider three examples. First, […]