03/29/21 – Planning for Cross-Border Clients (FSPgo Webinar)

Program Overview

Advisors who represent clients with international connections, such as foreigners with US assets and beneficiaries, should be familiar with the basic tax and estate planning rules applicable to nonresidents. Additionally, individuals who have noncitizen spouses are subject to special estate and gift tax rules. Eli Akhavan will provide an overview of basic international tax issues that advisors need to be aware of and special planning techniques that can help avoid estate and gift tax issues.

You Will Learn

• Estate and gift taxation for nonresident aliens
• Life insurance as a planning tool
• Properly titling accounts
• Gifting assets to noncitizen spouses
• General planning tools

Featured Speaker:

Eli Akhavan, JD, LLM

Eli Akhavan, JD, LLM is Senior Counsel in the New York office of Norton Rose Fulbright, focusing on tax and estate planning for high net-worth US and non-US clients.

Eli advises international individuals and families with respect to tax and estate planning for their US assets and beneficiaries. Eli also advises cross-border clients on all aspects of international estate matters, including foreign trusts, pre-immigration and expatriation planning, and on planning for the purchase of US residential and investment real property. Eli has considerable knowledge of the reporting requirements applicable with respect to foreign financial accounts and assets and with respect to FATCA and its global equivalent, the Common Reporting Standards (CRS). Eli’s practice includes advising clients on the formation of private trust companies for purposes of wealth management and privacy.

Additionally, Eli counsels US and non-US individuals and families on implementing domestic and foreign asset protection structures involving trusts and other vehicles to protect clients from creditors. Eli advises clients on domestic asset protection trusts in the US in jurisdictions such as Nevada, Delaware and Wyoming, and on foreign asset protection trusts in jurisdictions such as the Cook Islands and Nevis. Eli also integrates innovative private placement life insurance planning into his clients’ plans as an estate and asset protection tool.

With respect to ultra-affluent US clients, Eli employs sophisticated wills and trusts, as well as closely-held entities, to enable his clients to transfer their wealth at a minimum tax cost. Eli also advises US clients on Puerto Rico’s Acts 20 and 22 which allow clients to achieve income tax savings by relocating to Puerto Rico.

Eli has served as professor of International Taxation at St. John’s University Law School. He is a recognized authority on tax and estate planning matters having been quoted by the Wall Street Journal, Fox Business and Bloomberg News. Most recently, he has lectured in the Caribbean and the Middle East on asset protection and cross-border planning matters. Eli has written numerous articles that appear in legal publications in the US and abroad.

Registration Fee: $19

Archive: The archive recording will be available after the webinar in your FSPgo account (on the My Account tab).

CE Credits: There are no CE credits available for this program.

Time:
3:00 pm – 4:00 pm ET
2:00 pm – 3:00 pm CT
1:00 pm – 2:00 pm MT
12:00 pm – 1:00 pm PT

Note: This webinar was originally broadcast on February 9, 2021.