About the Book:
International Estate Planning is a practical and authoritative guide to a tremendously complex field. It provides indispensable information to lawyers, accountants, and other practitioners who work on estate planning with clients who have issues involving other countries. The book is divided into two main parts: Part One addresses the tax issues; Part Two addresses the non-tax issues. The focus of the book is on estate planning and how to avoid wealth transfer taxes with references to income taxes.
Topics include clients who may:
• Own homes outside the U.S.
• Have children or parents who live in other countries
• Have a spouse who is not a citizen
• Work for a multinational corporation in an office abroad
• Be “foreigners” who have investments in the United States
International Estate Planning addresses questions such as:
“I just bought a vacation home in France. Should I do anything?”
“My daughter married someone in Italy. Should I change my trust?"
“Can an American save taxes by using off-shore trusts?”
These are not easy questions. Mistakes and pitfalls are pointed out throughout the book and ways to prevent them are explained. The author has spent more than 20 years in private client practice and has a firsthand appreciation of the need for authoritative information. This reference guide will also be helpful to foreign advisors who are encountering U.S. taxpayers in their jurisdictions. It will also help U.S. executives who are working in other countries. The Appendices, also on CD-Rom, contain copies of actual tax forms, treaties, and Hague conventions. This is intended to make it easy for the reader to look at the actual documents that are so important in this field, and are unfortunately somewhat time-consuming to locate on one’s own. The Resources section contains a listing of recommended treatises, papers, conferences, organizations and websites.
Barbara Hauser has had an active private client practice for more than twenty years. She has developed an international estate planning practice working with multi-national corporations and individuals in the USA, Europe and Asia. She also has expertise on private wealth, including global holdings, off-shore trusts, and generation transfers. She was Special Counsel at Cadwalader, Wickersham & Taft (New York and London) and Visiting Associate Professor of Law at the University of Minnesot a Law School. Ms. Hauser is Past Chair of the American Bar Association Section of International Law and Practice: International Private Client Planning Committee, President Emeritus and President of the United States chapter of the Union Internationale des Avocats: Commission on International Estate Planning and a Fellow of the American College of Trust and Estate Counsel. She was a Senior Partner in Maslon Edelman Borman and a Principal of Gray Plant Mooty, where she Chaired the international private client services practice group.
"This is a superb work that will serve as a handy reference for both experts and novices confronted with multinational estate planning problems. The excellent organization and clearly written text assure quick and reliable answers to critical issues. The appendix is especially helpful, putting at the reader's fingertips relevant treaties and tax forms. A terrific job."
- Professor Jeffrey Schoenblum (Author of Multistate and Multinational Estate Planning), Vanderbilt Law School
"The not-so-secret wish of most lawyers is to be able to become at least conversant in new or complicated areas of the law by reading a few pages (instead of many volumes) that are written by an expert and are clear. Barbara Hauser's book offers just that. It is concise yet remarkably comprehensive in scope, briefly explaining virtually every area of the law of international estate planning that the non-expert practitioner needs to know. I recommend it highly."
- Alexander Bove, Attorney and Solicitor, Editor in Chief of Asset Protection Journal, of The Law Firm of Alexander A. Bove, Jr., PC (Boston)
"I only wish this book had been written sooner. With its help I might have understood more quickly how to reconcile the concepts of civil law and United States law. I would strongly recommend it to anyone involved in estate and tax planning."
- Jean-Marc Tirard, of Tirard Naudin (Paris), author and Founder of STEP France
"In the area of estate planning there are hardly any publications which deal with these complicated matters in a practical manner. International Estate Planning. A Reference Guide is an exception to the rule. It explains all the difficult concepts in estate planning in an easily understandable way without simplifying matters. This is an indispensable guide for estate planners dealing with international issues."
- Frans Sonneveldt, Mazars Paardekooper Hoffman, The Netherlands and Professor at the University of Utrecht