An Introduction to UK Estate Planning for US Citizens - How to Avoid the Tax Pitfalls

Introduction

The UK and the USA are two countries separated by a common language. They are also separated by completely different tax systems.

For practitioners who advise on estate planning you may encounter a US citizen living in the UK at some point in your career. This includes individuals who may not even realise that they are unwittingly in the purview of the US tax system and these 'unintentional' or 'accidental' Americans may be sleepwalking into significant legal and tax problem.

Situations where the two regimes clash include a UK individual who owns property in America, UK resident trusts for US citizens and US resident trusts for UK resident individuals. Marriage to a US citizen, owning property in the United States, being a dual UK-US passport holder, or a US citizen resident in the UK are all scenarios that can create unexpected tax liabilities.

This new virtual classroom seminar will help practitioners identify the common areas of concern in US/UK estate and tax planning.

It will use case studies to identify the common pitfalls and the appropriate solutions.

What You Will Learn

This live and interactive session will cover the following:

• The US couple who are resident in the UK
• The rules relating US person married to a Brit with an emphasis on the estate planning issues
• The deemed domiciled US rule
• The non-resident US citizen who owns UK real estate
• UK citizens with real estate in the US
• The ex-Green Card holder
• The impact of the US/UK double tax treaties on individuals

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.