US-UK cross-border estate planning
This matter involved advising a UK domiciled individual married to a US citizen on an estate plan that was US and UK law compliant. Working in conjunction with US counsel, the advice included:
- Structuring the estate to benefit from the US marital deduction and UK spouse exemption for death duties
- Advice on tax-efficient investments of a lifetime UK discretionary trust with US beneficiaries
- Advice on purchase of US real estate via a US revocable trust versus a US limited liability company