Presentation: International Estate Planning

On May 23, Jacqueline Yu will be co-presenting a session about international estate planning hosted by the Orange County Estate Planning Council.

The presentation, entitled Foreign Persons and Foreign Assets: What You Need To Know When Your Clients Or Trusts Have Foreign Connections, will also touch on the Corporate Transparency Act. This in-depth presentation will cover US income taxation, US transfer taxation, reporting obligations for foreign persons and foreign assets, domestic trusts vs. foreign trusts, and the corporate transparency act.

Date: Tuesday, May 23, 2023
Time: 5:30pm – 8:00pm
Location: Pacific Club | 4410 MacArthur Boulevard | Newport Beach 92660
Speakers: Jacqueline D. Yu, Esq., LL.M., TEP – Law Offices of Jacqueline D. Yu
Bryan D. Kirk, Director of Estate and Financial Planning and Trust Counsel, Fiduciary Trust

More Information and Registration

In 2022, the Tax Justice Network released its Financial Secrecy Index, ranking the United States as the most secretive financial jurisdiction in the world. The Financial Secrecy Index ranks each country based on how intensely the country’s financial and legal system allows individuals to hide and launder money extracted from around the world. The United States has moved to the top of the Financial Secrecy Index. In a bipartisan effort to combat money laundering and the concealment of illicit money through shell entities established in the U.S., including trusts, Congress enacted, on January 1, 2021, The Corporate Transparency Act (CTA). The CTA mandates the creation of a database of “Beneficial Ownership Information” (BOI) and the reporting by U.S. legal entities of beneficial ownership information to the U.S. government, effective January 1, 2024. This presentation will provide an overview of the relevant U.S. federal tax rules and planning considerations that advisors should consider when representing clients who are foreign persons and/or have foreign assets and the reporting requirements reflected in the final rule issued by the Treasury’s Financial Crimes Enforcement Network (FinCEN) as mandated by the CTA.

This program qualifies for 1-hour of continuing education credit for Attorneys, CPA’s, Planned Giving Specialists and Professional Fiduciaries. This program is pending approval with the CFP Board of Standards, and American Bankers Association. This presentation does not qualify for Life Insurance continuing education.

Attendees do not need to be members of the Orange County Estate Planning Council to attend; non-members can register for the event. First-time guests can attend for $75; return guests are $125.

Register for Presentation