International Tax and Estate Planning for High-Net-Worth Families
Responding to global mobility
Increased mobility among high-net-worth individuals and families has coincided with a broad expansion of a globally integrated economy with greater cross-border trade and investment. High-net-worth families face myriad possibilities for tax and estate planning, especially when they have international residency or investments. Global mobility can present multiple issues to consider, including diversification of nationalities, tax residencies, marital regimes, property rights, inheritance laws, and estate taxes.
Our article addresses some commonly asked questions about the complex tax and estate planning issues that can arise when high-net worth families have international interests and family mobility. The article discusses:
- Important income tax issues for U.S.-based families with international investments, and considerations for structuring them.
- Tax considerations for non-U.S. families making U.S. investments.
- Possible effects of family mobility on investment planning and taxation.
- The importance of post-mortem planning for international families.
- How a high-net-worth family with international connections can begin to manage these issues.