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Dec 1, 2005 12:00 PM
Inheriting from Abroad
Over the years, planners have found several techniques useful in helping non-U.S. families pass wealth to the next generation: offshore personal investment companies (PICs), settlor-directed revocable trusts, controlled foundations, irrevocable trusts, independent foundations and specialized life insurance policies. These techniques are simple, and can be rather tax-efficient.
But non-U.S. families with U.S. beneficiaries face special challenges. A host of U.S. tax rules combine to threaten U.S. beneficiaries with losing more than half the value of their inheritance if the family uses any of these standard techniques without modification. Because U.S. beneficiaries are penalized compared to their non-U.S. counterparts, non-U.S. families have difficulties treating all beneficiaries equally.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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