o Topic: Coming to America: Pre-Immigration Tax and Estate Planning Considerations
o Date: Thursday, May 4th 2023
o Host/Moderator: Jonathan I. Shenkman, AIF®, President & CIO, ParkBridge Wealth Management (Contact jonathan@ParkBridgeWealth.com with any questions)
o Panelists:
K. Eli Akhavan, Esq. LLM., Partner, Steptoe & Johnson
Lawrence M. Lipoff, CPA, Director, CohnReznick
Michael Wildes, Esq., Managing Partner, Wildes & Weinberg P.C.
o Seminar Description: This webinar will review the legal issues/challenges to becoming a citizen and then discuss relevant financial, tax, and estate planning topics. Some topics covered will include: 1) The immigration process and the EB-5 program 2) Strategies to minimize the tax impact of becoming a US tax resident 3) How is a trust defined for United States tax purposes 4) Tax reporting requirements once I become a tax resident of the US? 5) Implications when expatriating from the US? 6) Potential changes with a pre-immigration trust if the immigrant becomes a United States resident alien within five years? 7) Impact to a foreign trusts.
