In an increasingly globalized world, it’s common to work with individuals and families who plan to relocate to another country. This presentation will help you understand the U.S. income, gift, and estate tax implications when life insurance policyholders cross borders. It will also explain ways in which life insurance can be particularly helpful for global families and individuals.
You will learn:
- How U.S. gift and estate tax rules operate in the international context, with a particular focus on life insurance
- How life insurance is treated under expatriation rules
- How you can help clients avoid harsh gift and estate tax laws with the use of life insurance
Speaker: Attorney Shannon P. McNulty provides comprehensive tax and estate planning for individuals, families, and small business owners. She counsels clients on legal strategies for building and preserving their wealth and protecting their loved ones, with a focus on clients with international planning issues. Shannon graduated cum laude from Georgetown University Law Center and received her LLM in Taxation from New York University School of Law. She has also earned the CFP® designation from the Certified Financial Planner Board of Standards. Shannon is a member of the New York Estate Planning Council and the Tax Committee of the New York State Bar Association Trusts and Estates Section.
FSP members: Click here to access this webinar for free (member log-in required).