Cross-Border Planning Receiving an Inheritance From Abroad: Special Considerations for U.S. Taxpayers It is increasingly common for individuals living in the United States or U.S. citizens living abroad to receive an inheritance from a non-U.S. person (for purposes of this article a non-U.S. person is defined as someone who is not a U.S. citizen, permanent resident or otherwise considered a U.S. domiciliary resident). Receiving an inheritance from […]
Cross-Border Planning Guide to Financial Planning for Non-U.S. Citizens Living in the United States Those living (or soon to be living) in the United States on a green card or U.S employment visa face many financial, tax and legal issues that average American citizens do not. Unfamiliarity with the U.S. tax and legal environment often leads to poor long-term financial planning decisions and costly mistakes. To make cross-border financial […]
Cross-Border Planning Top 12 Financial Planning Issues for American Citizens Living in the United Kingdom American citizens living in the United Kingdom face a complex interaction between U.S. and U.K. tax laws when it comes to their investments and retirement savings. The U.S. government taxes American citizens on their worldwide income based upon citizenship rather than residency. In addition to paying U.S. taxes, a U.S. citizen living in the United […]
Estate Planning What Does Discretion Mean to a Trustee? Partner Paul Chmielewski discusses common discretionary distribution standards to help mitigate trustee confusion on the topic.
Estate Planning Sell Your Business and Create a Family Legacy The sale of a business often represents the largest financial event in the business owner’s life. Partner Paul Chmielewski discusses the important pre- and post-sale steps a business owner should consider.
