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Webinar Transcript: “Estate Planning for U.S. Clients who own assets in other countries"

February 29, 2024

Topic: “Estate Planning for U.S. Clients who own assets and/or have descendants in other countries (with a special focus on Israel” (2/29/2024)


Host/Moderator: Jonathan I. Shenkman, AIF®, President & CIO, ParkBridge Wealth Management (


Guest presenter: Avi Z. Kestenbaum, Esq., LLM, Partner, Meltzer, Lippe, Goldstein & Breitstone, LLP (  



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Jonathan Shenkman: Good morning and welcome to Park Bridge, Wealth Management, Winter Webinar Series. This program is entitled to state planning for us clients who own assets, and or have descendants in other countries with a special focus on Israel. Those who don't know me. My name is Jonathan Shankman. I'm the president and chief investment officer of Park Bridge wealth management. In that role I serve in a fiduciary capacity to help my clients achieve their financial objectives.



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Jonathan Shenkman: The goal of my programs is to bring professionals together to help them better serve their clients. This is done by educating attendees on the latest topics in wealth, planning, and by encouraging collaboration between a client's attorney, Cpa. And financial advisor, where appropriate



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Jonathan Shenkman: my practice folks, some working with high networks, families, businesses, and not for profits. I manage individual investment portfolios, trust accounts, corporate attirement plans and endowments tell my clients achieve their financial goals. In addition to the 20 or so events I run every year. I also do a fair amount of writing on the topics of investing in financial planning, and you can read my work in a variety of periodicals, including Barron, Cnbc. Forbes, Kiplinger, the Wall Street Journal, the Cpa. Journal and Trust in Estates magazine to name just a few.



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Jonathan Shenkman: You could see all my work on my website at Parkbridge, forward slash articles, or by following me on social media at Jonathan, on money. Additionally, you can check out my weekly, podcast which is also called Jonathan on money. And you could listen to that. An apple spotify or wherever you get your podcast today, we're privileged to hear from Avi Testenbaum, who's partner at New York, based law firm Meltser Lippi Avi co-chairs. The firm's trust in Estates Practice Group and has a leadership role



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Jonathan Shenkman: in the firm's tax exempt organization, practice, group business and real estate taxation, trust in estate, litigation and private wealth and taxation groups.



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Jonathan Shenkman: Avi provides creative and sophisticated, domestic and international taxes, state planning and Asset Preservation Council, the CEO's of major corporations, the ultra high network with individuals, multinational businesses and large charitable organizations. He has also successfully represented many clients, including individuals, trust in estates, businesses, and charitable organizations with the Irs and State tax audits.



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Jonathan Shenkman: His practice places special emphasis on domestic and international tax and Trust, planning big picture philosophy, family business, succession, planning and effectively dealing with the State disputes, obvious published dozens of articles in leading National tax estate planning and tax exempt organization publications. And he's also a member of the Trust and Estates magazine, editorial and Advisory Board, where he's a chair of the Modern Practice Committee.



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Jonathan Shenkman: He's also the adjunct tax professor at Hofstra University of Law. He's an act tech fellow and is recognized in super lawyers and best best lawyers in America. Today Avi will be speaking about estate planning for us clients who own assets and or have dissents in other countries with a special focus on Israel. And with that introduction I'll now turn the program over to Avi.



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Avi Kestenbaum: Thank you very much, Jonathan. I appreciate it. It's good to be with everyone this morning and



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Avi Kestenbaum: thank you to everyone for listening. Thomas Jefferson once said.



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Avi Kestenbaum: if ignorance is bliss. why are it more people happy? I take it, by the number of attendees we've got some



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Avi Kestenbaum: items to learn items to cover, and maybe we'll all be either a little happier after this webinar or we will be more sad



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Avi Kestenbaum: because we will realize just how complex of the international estate planning Field really is. So



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Avi Kestenbaum: I only have about 27 min.



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Avi Kestenbaum: So my goal is to cover a lot of ground to cover it quickly. Almost all of these topics could be seminars in their own right. And when I say seminar, I mean a full day or a full week.



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Avi Kestenbaum: so our goal here today is to learn how to spot some of the issues. It's also understood we've got different levels in the audience. We probably have some experience attorneys and accounts.



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Avi Kestenbaum: And then we have some regular people who may not know much about these topics. So you you'll forgive me that I'm trying to speak to everyone, and of course. There may be a a further programs at different levels either with with Jonathan or elsewhere regarding different subtopics and categories. So some basics.



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Avi Kestenbaum: A US. Citizen.



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Avi Kestenbaum: a Us. Citizen is subject to taxes on his or her worldwide income. Does it matter where the assets are located subject to US. Income taxes.



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Avi Kestenbaum: Could be. If there's a tax in another country, there's



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Avi Kestenbaum: some type of tax double tax avoidance or mitigation. There are treaties but potentially subject to tax on worldwide income.



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Avi Kestenbaum: That's income tax



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Avi Kestenbaum: for gift and estate taxes and generation skipping transfer taxes.



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Avi Kestenbaum: Similarly, a Us. Citizen is subject to these. Death taxes! On his or her assets wherever located, so that property in another country, that vacation home, that business, whatever it is, if it's in another country it is subject to us estate taxes.



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Avi Kestenbaum: Now, what about if somebody is not a Us. Citizen? What are those rules?



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Avi Kestenbaum: Again? Very complicated, because we've got different rules for different categories. So first with income tax, so the if somebody is a



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Avi Kestenbaum: green card holder in the Us on the green card, or maintains a certain amount of time in the United States. sometimes referred to as the substantial presence test. That person is treated just like a Us. Citizen for Us. Income tax purposes so subject to income tax on his or her worldwide assets. Again, they're a Us. Person similar to a Us. Citizen. If they're a green card holder, or they pass the the substantial presence test, which is a certain number of days that they spend over a a period in the United States.



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Avi Kestenbaum: However, the test for us gift and estate taxes is a different test. It's not this mechanical green card test or substantial presence test. It's called the domicile test, and that is, if somebody is in the United States



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Avi Kestenbaum: presently, with an intention to remain. That person is a Us. Domicile, and could be subject to us gift and estate taxes on their worldwide assets. And this comes as a shock to many people, where, even if they do not have a green card.



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Avi Kestenbaum: and they're they're not in this country for call it a long period of time, but a very Us. Domicile. They're here with an intention to stay subject to us. Gift and estate taxes on their worldwide assets.



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Avi Kestenbaum: Okay, now, if somebody is not a you for income tax purposes. If somebody is not a Us. Citizen, not a green card holder doesn't spend a lot of time in this country and on the estate side, if somebody is not a Us. Citizen nor a Us. Domicile. So this person is not connected to the United States for income tax purposes



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Avi Kestenbaum: for a State tax purposes. What exposure do they have when the answer is well, they still have exposure, because a non Us. Person, no connection to the United States could be subject to us income taxes on Us. Source income. So when United States source income, they could be subject to us income taxes. This could mean real estate investments in the United States. This could mean a business in the United States.



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Avi Kestenbaum: Again, we could have a whole seminar on that topic.



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Avi Kestenbaum: and in terms of gift and estate taxes. This one is is really tough for people to actually understand. But when a foreigner who has no connection to the United States



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Avi Kestenbaum: even own shares of us stock. So somebody in Israel Brazil, Italy, owns shares of Microsoft, Ibm. Nvidia because they were smarter than me, and actually own shares in Nvidia, and they die.



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Avi Kestenbaum: They are subject to us estate taxes on those shares of us corporations. It's a shock to so many people, and they have a very limited Us. Gift in the State tax exemption so unlike me as a Us. Citizen or somebody who's a US. Domicile who's actually spending and live time and living in this country, who today has a 13.6 million dollars estate tax exemption.



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Avi Kestenbaum: This foreigner who owns a few 100,000 dollars worth of us. Stock could be subject to us death taxes, or or is subject with a very limited exemption. It's a shock to a lot of people. And, in fact.



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Avi Kestenbaum: I deal a lot with this issue. When foreigners have investments in the United States, whether it's shares of stock, whether it's Us. Real estate. This is a big one, a lot of foreigners own apartments in New York City or invest in us real estate. How do they structure it, because if they don't do this properly they will absolutely get hit with us. Death taxes when they die. Not only that there could be us gift taxes on gifting of these assets.



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Avi Kestenbaum: So the rules are complex. And, in fact, not to make this even more technical cause, we're really focusing on big picture. The rules are actually different for us. Gift taxes and us estate taxes. You know. One example is again the shares of a Us. Corporation.



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Avi Kestenbaum: If a foreigner gifts these shares so gift shares of Ibm or Microsoft, there's no Us. Gift tax, but if they die owning the shares they could be subject to us. Estate taxes, and certainly, they, they are subject not. They could be just a question of of thresholds.



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Avi Kestenbaum: when it comes to us. Real estate. Both, you know, gifting the real estate or dying with the real estate subject to a Us. Gift taxes and us estate taxes, and that's why. Oftentimes it's better to structure this from the beginning, right



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Avi Kestenbaum: from the time the investment it, it, it is done. Have it owned properly in a trust or some other vehicle, because once the real estate is owned by the foreigner, it becomes very complicated to transfer it because they're they're potentially subject to a Us. Gift taxes because they didn't set it up the right way.



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Avi Kestenbaum: There are different rules for different assets, too much for this seminar like giving cash in the United States by a foreigner tangible personal property. Different rules for



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Avi Kestenbaum: you know, bank bank accounts and brokerage accounts. But but it is something to be mindful of, and even life insurance. This is a shock, and I'll tell you a little bit about Israel. So very often.



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Avi Kestenbaum: people own life insurance and a life insurance trust, the reason being because, if the Trust owns the policy and is the beneficiary of the policy. Typically the proceeds, if if done right, will be exempt from us. Death taxes, however.



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Avi Kestenbaum: that is for us purposes. Some foreign countries, including Israel, may actually tax



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Avi Kestenbaum: the appreciation within that policy. So one has to be very careful, like, if an Israeli owns a A. US. Policy. Maybe Israel is going to tax that. And even if a Us. Person like me, let's say one of my children is a beneficiary of my trust, and my child lives in Israel and is past his 10 year exemption period. That child could end up paying income taxes in Israel when that child gets



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Avi Kestenbaum: money from my trust, even though it only held a life insurance policy again. we're not gonna get into all the details, but just trying to make the audience aware that this stuff is tricky, and to spot some of these issues. By the way, the the Us. Could also for income tax purposes.



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Avi Kestenbaum: tax a foreigner's ownership of a of a Us. Insurance policy, and that to be clear for a State purposes. So if a foreigner owns a Us. Insurance policy, it's possible that that will be subject to us. Estate taxes, not income taxes. The income tax issue is in the in the foreign jurisdiction.



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Avi Kestenbaum: Okay?



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Avi Kestenbaum: Some more basic rules. The unlimited marital deduction. So as we all know, one of the benefits of being married is that assets we gift, or we leave that death to our spouse.



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Avi Kestenbaum: Is exempt from us. Estate taxes the the. There's an unlimited marital deduction. However, that rule is only if the spouse is a US. Citizen.



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Avi Kestenbaum: so anyone who does not have a Us. Citizen spouse, even if they're a green card holder, even if they've been in this country for their entire lives. If they're not a Us. Citizen, there's no unlimited marital deduction, and there could be a Us. Estate tax on the first death.



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Avi Kestenbaum: Some of you may have heard of a. Q. Dot, a qualified domestic trust, where, if I have a noncitizen spouse, I can leave assets in this Q. Dot, which will will get the marital deduction and defer the estate tax until the second death.



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Avi Kestenbaum: I will just tell you I don't like Q. Dots. I hear people say, the Q dot, yeah. Do the q dot non citizens stuff. Q. Dots are lousy. Firstly, there, there are a lot of rules with getting money out of the q. secondly, if the dollar amount in the too high. Then one needs either a corporate trustee



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Avi Kestenbaum: or the executor needs to, or the trustee needs to post a bond or a letter of credit, the reason being the Us. Is worried. Well, there's a non citizen spouse. What if the money leaves the trust and we never collect our estate taxes when the surviving spouse passes away. So, just to be clear, there is a deferral mechanism. When a Us. Citizen is married to a non, us citizen



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Avi Kestenbaum: called this Q. Dot, but it doesn't work so well, and certainly gifts. I can make as many gifts to my us citizen wife



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Avi Kestenbaum: as much and as often as I want. But if my wife is not a Us. Citizen, there are gifting limitations I cannot be buying. You know, loads of presence. If I go over my my annual exemption now, the the annual exemption to A on a gift to a non citizen spouse is pretty high, I think. The last time I looked it was maybe $170,000 a year. But the point is, be aware if a spouse is not a Us. Citizen, even if they're a green card holder



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Avi Kestenbaum: there. There are definitely some gift and estate tax ramifications.



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Avi Kestenbaum: Okay.



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Avi Kestenbaum: briefly, on expatriation. Some of you may be aware of expatriation. We read about it in the news sometimes where somebody wants to give up their Us. Citizenship. Why? Because they don't wanna pay tax on their worldwide income or they don't wanna have death taxes when they die. So we've we've read about expatriation. It happens



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Avi Kestenbaum: frequently wealthy people or people who are just wanna leave the United States and go to another country under the relatively new regime of expatriation. There's typically a tax on the built in gain. So if somebody gives up their Us. Citizenship, there could be a tax on their the built in gain with inside their assets. And there are rules.



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Avi Kestenbaum: The the size of the assets, the income somebody needs to be with called a covered expatriate. But I just want to make 1 point here, if this was not well known, which I don't think it is



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Avi Kestenbaum: a green card holder. not a Us. Citizen, a green card holder



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Avi Kestenbaum: who essentially leaves the country and gives up their green card, or even if they don't give up their green card, but they haven't fulfilled, call it their green card requirements, because they're spending too much time out of the country.



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Avi Kestenbaum: If the the green card holder gives up their green card or or maybe doesn't even give up. The green card is just not spending the requisite time here, and could lose their green card. That is an expatriation, and even the green card holder could owe this tax on the built in gain in their assets. So again, the point just to take is expatriation is not only for US. Citizens who give up their citizenship. It's even green card holders who either



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Avi Kestenbaum: give up the green card or just because they're not fulfilling the requirements. They're not spending the time here. Typically, they'll get a warning first. But it's it's it's just important to realize that does come up, come up again. There are exceptions. To the green card holder under the expatriation rules. Typically they'll have to have the green card or or spending.



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Avi Kestenbaum: You know, 8 out of the past 15 years. Again, just to make people aware. Okay. another. You know, sort of concept that I think a lot of people they don't realize, because I get called about this all the time



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Avi Kestenbaum: one hears about us citizens setting up trusts, overseas, setting up trusts in the Cayman Islands and the Cook Islands and in Switzerland and in Liechtenstein. And you know, just setting up a trust overseas.



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Avi Kestenbaum: And the thought is. Well, I'm gonna avoid us income taxes. And the answer is absolutely not. If a Us. Person or a Us. Citizen sets up an offshore trust.



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Avi Kestenbaum: if there's even one. Us. Beneficiary. That trust is typically going to be a grant or trust pays us income taxes. So there's no oh, I'm a Us. Person. I'm gonna set up a trust overseas. I'm gonna avoid us income taxes. No, you're not. You're gonna pay us income taxes as a grant or trust doesn't matter where the assets are are located. If there are no Us. Beneficiaries of the trust. Yes, then perhaps the trust can be set up



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Avi Kestenbaum: where? Where? There aren't us taxes to be paid similarly, and and many of us have read about this. You know the the the games of having investment overseas



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Avi Kestenbaum: and deferring us income tax, because all the investment is in a corporation overseas. The taxes are being paid over there. Or there are no taxes being paid over there. It's in a lower tax regime. But I don't owe us income taxes, because it's in some type of foreign corporation that regime has also been over for years. Whether it's the controlled foreign corporation rules.



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Avi Kestenbaum: whether it's the Pfic rules, whether it's guilty. GILT. YTI it doesn't matter. There are enough regimes that when a Us. Person is investing overseas that person is going to pay us income taxes, regardless of where the investment is located. Yes, there could be some times where they're paying taxes overseas. So to get some credit to the Us. Taxes, maybe there's



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Avi Kestenbaum: and if if somebody owns a minuscule of investment overseas, and there hasn't been any dividends paid. Maybe there could be some deferral. But but basically that that's over, and it's something to to keep in mind. Asset protection trust. Sure, you know. Maybe if somebody wants to set up a trust overseas cause he feels or she feels there'll be greater asset protection, because if somebody sues they'll have to go to the court in the Cook Islands.



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Avi Kestenbaum: or whatever jurisdiction to come. To come after them. Maybe they're that that's still viable. But even that again, without this program is not on asset protection. I'm not such a big fan of that anymore, either. Because a Us. Court could say a lot of things doesn't matter where the trust is is located. If the Us. Court feels that the person could get to the money or is too much control over the money again.



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Avi Kestenbaum: This is not an asset protection program, but it just in general offshore trusts a income tax benefits. If a Us. Person sets one up not really and even asset protection benefits may be in certain situations. It's it's still a good idea, but be careful, and if somebody says to you, Oh, let's have trust offshore, offshore, offshore, be be be very wary, but that's a good idea. It might be a good idea, not saying never, but just just be careful. Okay.



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Avi Kestenbaum: another big one. And I only have 9 min to go, which isn't good for me. Maybe it's good for for for the audience. Probi so many us people own apartments.



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Avi Kestenbaum: Real estate, other assets in other countries, well, forgetting about estate taxes for the moment, which obviously there will be Us. Estate taxes on those assets. What about probing when you die? How do the assets pass? The problem is, the assets are in another country. So either. So so if you're just gonna have a Us. Will a little bit of a problem because the Us. Will get submitted to the court here.



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Avi Kestenbaum: How does your us will get over there, and how do they understand the Us. Will. So it's it's problematic. I deal with this in Israel sometimes where somebody, a Us. Person, owns an apartment in Israel, and they didn't do proper planning. The Us. Will has to be probated here. Then it has to be Apa steel by the State Department, then submitted to the court. There the court there has to understand the English that it's written in.



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Avi Kestenbaum: And and finally, you know, a year later, you're talking about maybe transferring that apartment. So oftentimes it's recommended a maybe not have ownership in your name.



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Avi Kestenbaum: and the one who dies or B have a separate will in that country. It'll make probate easier to have a simple will in that country doesn't only apply to Israel. It applies to a lot of countries. But beware!



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Avi Kestenbaum: Probate is an issue. If you want that, us will to be dealing with the property in another country, it's not going to be simple. It could create a lot of headaches, time consuming expensive deal with it. Now. On that note. Also keep in mind. While in the us. We have a step up or step down an income tax basis at death. Maybe another country doesn't have that. So sometimes my clients tell me, oh, I want to open



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Avi Kestenbaum: only apartment in Israel at my death to get the step up and basis. If it's ever sold, there'll be a new basis. We'll extinguish the gain again. But that doesn't help you, because Israel's not gonna give you a step up. So if if the apartment is so is sold in Israel. There'll be Israeli income taxes, anyway. And typically there'll be a credit off Us. Income taxes. So you know, there's no double tax, so that the step up and basis is not gonna help



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Avi Kestenbaum: as an example. Another thing to be wary of. If a Us. Person owns property in another country are the forced airship rules. So in the United States children have no automatic rights to inherit. I love my children, but if I want to, I can disinherit them. Spouses have certain rules, elective shares where a spouse can has some automatic legal rights in their deceased spouses. Estate? But children do not



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Avi Kestenbaum: in other countries it doesn't work like that, especially civil law jurisdictions like France, though many other countries have forced airship rules, whole list of them France, Italy, Spain, Brazil, Japan, South Korea, in these countries. If you own property in there, you're in the Us.



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Avi Kestenbaum: And your Us. Will leaves these, for example, to your spouse or to you know, not to your children. one has to be careful, because the laws in those countries may



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Avi Kestenbaum: force airship. Your children may need to get a piece of those assets. If you own the real estate directly and once again, you you, you not once again I say this all the time. You must have counsel in that country, even if you have an experienced us international estate planning lawyer. Typically, you're going to need to have counsel in that country, because no one can be an expert of their own country.



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a complete expert, and other countries as well.



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Avi Kestenbaum: but be mindful of these forced airship again. There may be ways around it, you only the assets in a company, so it's an intangible but just just be wary and be careful if you own assets overseas. A probate issues be forced airship where you may be required under the laws. In those jurisdiction



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Avi Kestenbaum: jurisdictions to leave that property to your children, or a certain percentage automatically to your children. May you might not even be allowed to leave it to them, and trust they might have to get it outright. So just be be mindful of that.



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Avi Kestenbaum:  this is the big one. Got 5 min to go. Unfortunately. If a us person, for example, has children or grandchildren in another country. So again, I'm gonna use myself as an example. Suppose. I have children in another country. I'm gonna pick Israel again because I know the rules there. And my trust has been in the United States the entire time the assets are in the United States.



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Avi Kestenbaum: I'm in the United States. The trustee is United States, but I happen to have a child who's in Israel passed his 10 year exemption.



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Avi Kestenbaum: that trust which has never stepped foot in Israel. The trustee hasn't stepped foot in Israel, my child, maybe never even got a distribution.



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Avi Kestenbaum: has reporting requirements in Israel, and taxes could be due in Israel. So be very careful. And it's not only Israel I'm picking Israel as my example. But when you're a Us. Person, and you have children or grandchildren in another country, be very careful that that other country is not going to require reporting and or taxes, and there are penalties. And again Israel changed its rules about 10 years ago.



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Avi Kestenbaum: Where, again, no connection to Israel, the trust is here. I'm here, the trustee here, and because I have one potential beneficiary in Israel, there could be reporting. There could be taxes, certainly, on distributions there could be taxes. But even if there hasn't been a distribution



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Avi Kestenbaum: again, this could be a topic in its own right. When a foreigner leaves an inheritance to a Us. Person. There also could be reporting so when my you know! Uncle in Switzerland leaves me an inheritance to the United States. Be careful. There could be reporting there could be taxes. I'm gonna speak even quick, more quickly now. When a foreigner creates a trust.



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Avi Kestenbaum: and there's a US. Beneficiary also. Be mindful, because even if all the assets are overseas and it's a foreign trust, the trustee is there? The assets are there.



00:27:29.720 --> 00:27:56.900

Avi Kestenbaum: I could be subject to US. Income taxes and US. Reporting. In fact, there are 2 main types of foreign trust where a foreigner creates it. One is a foreign grant or trust. Where in that situation there, there can't be Us. Income taxes, and that's where the foreigner can either revoke it, or it's only for the benefit of that person and his or her spouse. But any other type of foreign trust is called a foreign non grand or trust



00:27:56.900 --> 00:28:19.799

Avi Kestenbaum: different than the Us. Grand tour non grand tour trust rules, and that foreign non grand tour trust. If there is a Us. Beneficiary, be very careful. There could be reporting there could be taxes or could be penalty taxes. If money is accumulated and then distributed to the Us. Person. Other basic things to understand. If somebody has an account overseas



00:28:19.840 --> 00:28:35.119

Avi Kestenbaum: F bars disclosures, or when an account has $10,000 or more be very careful. When you have rental income from a property overseas, are you reporting it properly? If not, you could get yourself into trouble?



00:28:35.330 --> 00:28:45.569

Avi Kestenbaum: A really interesting one. So charity. So we know there is an income tax deduction. If I give to a Us. Charity.



00:28:45.620 --> 00:29:13.219

Avi Kestenbaum: if I give to a foreign charity directly. There's no Us. Income tax deduction. So sometimes, if I want to give to a charity overseas, I give to a Us charity, and if the Us. Charity follows certain rules that Us. Charity can give to the foreign charity. This is sometimes the the even the American friends of model works like that, but doesn't have to be an American friends of a Us. Charity, following certain rules, can give overseas, however.



00:29:13.370 --> 00:29:30.560

Avi Kestenbaum: different rule for the estate tax deduction. If I want an estate tax deduction in my estate, even if I give to a foreign charity under my will, there will be an estate tax deduction, and it's kind of neat because people who may want to give charity overseas but



00:29:30.640 --> 00:29:55.310

Avi Kestenbaum: aren't going to do it right now because they're not going to get an income tax deduction. They could do this in their will, and you know it creates some some nice planning opportunities even for people that you know may be, you know, concerned with the United States. Us. Is a great country not to be concerned. You know they could literally set up a foundation or some type of charity overseas understood. They're not going to get an income tax deduction, but if they



00:29:55.310 --> 00:30:00.710

Avi Kestenbaum: left it in their will they would still get an estate tax deduction.



00:30:00.710 --> 00:30:27.330

Avi Kestenbaum:  It's 90'clock. I'm sorry that this this this was so quick and brief. Maybe you're happy about it. I don't know. Obviously, I'm I'm reachable with questions. Afterwards I will say, if you are, gonna ask me questions I may not be able to respond right away. But certainly happy to continue the conversations and thank you again, Jonathan, and for everyone in the audience for for listening.



00:30:27.700 --> 00:30:55.360

Jonathan Shenkman: Great. Thank you so much. Avi. If anyone has any specific questions, new business opportunities, or any other issues they'd like to discuss, please feel free to reach out to Avi directly or myself where appropriate, and I'll be sure to include Avi's contact information and the follow up email to this program and as I mentioned at the onset. The goal of these programs stay up to date on timely wealth management, related topics, and to collaborate where appropriate. I think we can all agree that the clients who are best prepared are the ones that are served by team of knowledgeable advisors.



00:30:55.360 --> 00:31:10.809

Jonathan Shenkman: 3 more quick items before I let you go first. My Winter Webinar series continues, March fourteenth, on the topic of women and wealth challenges and strategies for female clients featuring yours truly, Jonathan, I. Shankman, President, chief investment officer of Park Bridge, wealth management.



00:31:10.810 --> 00:31:28.009

Jonathan Shenkman: I'll send out invitation to this program in the coming days. In the meantime, if you have a friend, colleague, or client who'd like to be notified of my upcoming webinars. They can email me with the word webinar and the subject line. I'll be sure to add them to my webinar distribution list. And my email is Jonathan at Parkbridge, Wealthcom.



00:31:28.220 --> 00:31:56.789

Jonathan Shenkman: Second, you can follow all my work on Twitter and Instagram at Jonathan on money. You can also listen to my weekly podcast called Jonathan on money, which is available on apple, spotify, or wherever you get your podcast and you can watch my new daily financial planning videos by following me on Youtube at Jonathan, on money as well. And third, please take 30 s to fill out my survey at the end of this program and helps me improve my webinars and provide timely and interesting content to attendees, and I thank you in advance for that.



00:31:56.790 --> 00:32:01.889

Jonathan Shenkman: With that this concludes today's session. Please stay safe and healthy and have a wonderful day. Everybody.