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Estate Planning Council of CANADA

Cross Border Estate Planning and Tax Overview

  • June 09, 2022
  • 2:00 PM - 3:30 PM (EDT)
  • Virtual

Registration


Registration is closed

The presentation will include a discussion about Cross-Border Estate Planning and the four distinct US taxes to be aware of including Income Tax, Gift Tax, Estate Tax and Generation Skipping Transfer (GST) Tax and how and when they are applicable to Canadians who are either non-resident or resident in the US.  It will also include a comparison of how the US imposes an Estate Tax as opposed to a Capital Gains tax at death as Canada does. 

Concrete examples will be used to illustrate the imposition of US Estate Tax on Canadians not resident in the US who own property in the US as well as the US/Canada treaty relief that is available to such Canadian owners of US property.  Ownership strategies will also be discussed to illustrate how probate can be avoided in the US and how property in the US can be structured to be characterized as non-US situs property for tax purposes. 


David Luzon, Partner - Barclay Damon LLP New York.  David is a trust and estate and wealth planning attorney with over 20 years of experience. His clients include individuals and families with domestic and cross-border estate, trust, and business succession planning and administration matters. He also represents large institutional executors and trustees, individual fiduciaries, and sometimes beneficiaries in estate and trust accounting and administration matters, and he provides general fiduciary representation. 

David advises on asset-protection planning, dynasty-trust planning, and elder law. He counsels clients in estate, gift, generation-skipping transfer, income-tax, and Medicaid- and retirement-benefits planning; charitable-giving techniques; and guardianship matters.

He has extensive experience preparing estate planning documents, including wills, trusts, powers of attorney, health care proxies, and other documents. He advises on structuring family limited partnerships, LLCs, and corporations for liability protection and transition of ownership. He works with business owners on operating, shareholder, and buy-sell agreements to coordinate with the owner’s business and estate planning goals.

David works closely with individual and institutional fiduciaries on estate and trust administration and settlement matters, including advising them on issues related to exercising proper fiduciary oversight, analyzing beneficiary requests, and protecting against claims against the estate, the trust, and the executor or trustee. 

Registration $20 

No charge for EPC Canada Members.

This event is for professional advisors only.

About EPCC

We promote cross-education, referrals and connection for Estate Planning professionals and foster a collaborative approach to Estate Planning and share Estate Administration best practices.

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