Earlier today, Michael Kennedy gave a presentation on U.S. Estate Planning Considerations for Canadians to a group of RBC Financial Planners in Windsor, Ontario. There are many issues Canadians must understand if they own property situated in the U.S., which includes U.S. real estate, financial or retirement accounts with U.S. financial institutions and shares in U.S. companies, among other things. High net worth U.S. citizens living in Canada must also understand the effects of the U.S. estate tax.
There are 10 key questions to ask yourself or your client, if you represent Canadians with U.S. property or high net worth U.S. citizens living in Canada:
You can find the answers in the attached presentation “U.S. Estate Planning Considerations for Canadians”
Some quick take-aways from today’s presentation:
If you have any questions, please feel free to contact our office at 519-252-3888 or email firstname.lastname@example.org.
About the Author
Michael Kennedy and his team at Ingenuity Counsel Incorporated work with clients that own property in the U.S. in states such as Florida, Michigan, Arizona & California, among others. He advises them on cross border estate planning & the consequences of owning property in a foreign country. Michael handles wills & trusts, powers of attorney and probate administrations. Whether you have real property, financial accounts or business assets located in the United States, Michael and his team can help. Additionally, he counsels companies and entrepreneurs expanding into the United States in areas such as immigration, business, real estate and tax.
Michael is a graduate of Western New England College School of Law in Springfield, Massachusetts (J.D.), Georgetown University Law Center in Washington, DC (LL.M. in Tax) and the University of Windsor (B. Comm.) and is admitted to practice law in the States of California & Michigan and permitted by the Law Society of Upper Canada to provide U.S. legal services in Ontario as a Foreign Legal Consultant.
Prior to establishing Ingenuity Counsel in 2012, he practiced law in the United States for more than 10 years in California, Michigan and Florida. To learn more about Michael and Ingenuity Counsel, visit www.ingenuitycounsel.com.