Presentation Summary

Please join us for a joint webinar presented by Cerity Partners and Barclay Damon, focused on the legal and financial considerations of building and protecting wealth across multiple countries. A growing number of high-net-worth families are thinking beyond borders, seeking greater flexibility, security, and opportunity through international diversification. Whether motivated by a desire to live or retire abroad, to establish a second home or business in another country, or to preserve options for the next generation, the decision to build a global life is increasingly common among financially sophisticated families.

But global mobility creates complexity. Managing assets, structuring estates, and planning for the unexpected across multiple countries requires careful coordination of financial, tax, and legal strategies. A will drafted in one country may be unenforceable in another. A trust structure that is efficient in the United States may carry significant reporting burdens or unintended tax consequences abroad. And the decisions families make before and after an international move can have consequences that last generations.

This webinar will address how globally mobile families can structure their financial and legal affairs with clarity, efficiency, and confidence.

Barclay Damon

• Overview of U.S. estate and gift tax exposure for Americans living abroad and non-US citizens 
• How foreign countries tax inherited and gifted assets (certain jurisdictions)
• Multi-jurisdiction estate planning: why a single will or trust is rarely sufficient for internationally mobile families
• Situs rules and how the location of assets determines which country's laws govern at death, and is there any option to have a different set of rules apply? 
• Pre-immigration and pre-emigration trust planning: structuring before a move to avoid costly surprises

Cerity Partners

• Overview of the cross-border financial planning landscape for UHNW families
• What jurisdictional diversification means for high-net-worth families, why interest has grown in recent years, and what options exist for owning and managing assets abroad
• U.S. tax implications of foreign residency and the reporting obligations that follow U.S. citizens and green card holders abroad, including FBAR, FATCA, and foreign tax credits
• Investment structure considerations for families holding assets in multiple countries, including PFIC rules, retirement and pension coordination, and currency management
• How coordinated financial and legal planning across advisors, tax professionals, and estate attorneys protects globally mobile families from gaps and conflicts