Clients with international interests are no longer just the super-wealthy. As our global environment expands, more and more middle-class Americans are venturing outside U.S. borders in many ways—travel, trade, investment and emigration. U.S. corporations are sending workers overseas and foreign corporations are sending workers to the United States for extended periods of time. As a result, the seemingly average client may turn out to have personal, business or financial connections to more than one country.
Wealth advisers should be aware of the basis for U.S. federal income and estate taxation in the international context. This article will give an overview of the top five planning issues in international estate planning so wealth advisers can flag these issues for their clients.
