Overview

A Guide to International Estate Planning: Drafting, Compliance, and Administration Strategies, Third Edition is an essential resource for attorneys seeking to protect client assets and minimize taxation in both the United States and abroad. With the continued growth in international investments, lawyers and financial advisors increasingly recognize the need to address the critical issues of international estate planning. Whether counseling a foreign national or a U.S. citizen, practicing in the United States or abroad, developing a broader expertise in the field, or regularly confronting cross-border estate planning matters, practitioners will find this to be a practical resource for identifying and navigating the complex legal, tax, planning, and regulatory compliance issues involved in international estate planning. In addition to providing an overview of the fundamental principles and procedures of international asset management and addressing the conflict-of-laws issues that determine which country's laws govern the disposition of a donor's or decedent's wealth, this resource explains the basic transfer tax rules applicable to nonresident aliens, U.S. citizens, and resident aliens. It also offers proven strategies, techniques, and practical guidance to help practitioners effectively meet their clients' international estate planning needs. The book's 22 chapters are written by trust and estate lawyers with significant experience in international matters. Their guidance extends beyond the fundamentals of estate planning to address key issues involving compliance, treaties, choice of law, and estate administration. This updated third edition includes chapters on FATF, anti-money laundering, and offshore compliance, as well as chapters covering several foreign jurisdictions to provide comparative insights.

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9781639057672

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Author Information

Carolyn is a Partner in Wiggin and Dana’s Private Client Services Department and former member of the Executive Committee in the Greenwich and New York offices. Carolyn has more than 30 years of experience servicing high-net-worth individuals, their closely held companies and family offices with a focus on international estate and tax planning. Immediately before joining Wiggin and Dana, Carolyn was a Partner at a leading international law firm, where she was integral in all aspects of trust and estate planning and administration. Carolyn was also responsible for the creation and management of public charities and private foundations. Previously, Carolyn was a Managing Director at J.P. Morgan Private Bank in New York City and Greenwich, CT, working in Wealth Advisory for affluent clients and family offices. She maintained a focus on the firm’s largest hedge fund principal clients and prospects, CEOs of public and private companies and international families. Carolyn has written for various publications on subjects involving trusts and estates and charitable planning, and frequently lectures on international estate and tax planning topics.  She has chaired the International Estate Planning Committee and International Membership Committee of the American College of Trust and Estate Counsel (ACTEC), as well as the FATF Task Force, and regularly represents ACTEC at the FATF Private Sector Consultative Forums held at the United Nations headquarters in Vienna. Carolyn is also an active member of The International Academy of Estate and Trust Law, the International Society of Trust and Estate Practitioners, the American Bar Association, the New York Bar Association, and the Connecticut Bar Association. Suzanne Shier is Of Counsel in the Trusts & Estates Group of Levenfeld Pearlstein, LLC, in Chicago. She is experienced in advising high net worth individuals and families in wealth, tax, business, and philanthropic planning. Her focus is on positioning clients to use their assets to achieve the desired impact, and she advises her clients to use their resources to fulfill the aspirations they have for their families, businesses, and communities. Suzanne’s clients include executives, entrepreneurs, professionals, family wealth owners, corporate fiduciaries, family offices, and charities with both domestic and international residence and assets. She has decades of experience both in private practice and with a leading global wealth management firm. Suzanne is a frequent speaker, the recipient of the Chicago Estate Planning Council Austin Fleming Distinguished Service Award, a fellow of the American College of Trust and Estate Counsel where she was the past chair of the International Estate Planning Committee and past Co-chair of the International Membership Committee, and is a Co-chair of the FATF Task Force, an Academician of the International Academy of Estate and Trust Law, and a member of the Society of Trust and Estate Professionals (STEP). Suzanne is an adjunct professor in the Northwestern Pritzker School of Law LLM in Taxation Program, where she teaches international estate planning and is a lecturer at the Instituto Tecnológico Autónomo de México and University of San Diego International Tax Program. Suzanne is active in the civic community, serving on philanthropic boards, concentrating on access to educational excellence and access to healthcare. She serves on the Board and Executive Committee of Kids Hope USA and Chicago Scholars Foundation and the Board of American Mission Hospital (Bahrain), and is a Trustee emeritus and member of the catalyst of investors of Hope College.

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