U.S.-Mexico Tax and Estate Planning: Key Issues and Advanced Techniques for Tax Counsel and Estate Planners
Applicable Tax Laws and Pitfalls to Avoid, Trusts, Real Property, Situs Wills, Wealth Transfers, and More
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide tax counsel and estate planners a comprehensive guide to estate planning tax challenges and opportunities for clients with a tax presence in both the U.S. and Mexico. The panel will discuss the tax law provisions governing tax and fiduciary rules in both Mexico and the U.S. The webinar will focus on the U.S. tax and other consequences for Mexican clients with a U.S. tax presence and U.S. taxpayers who own or plan to invest in Mexico-situs real estate and other assets.
Outline
- U.S. estate tax considerations for Mexico citizens qualifying as U.S. taxpayers
- Mexico wealth transfer regime
- No estate tax
- Treatment of joint property held with spouse
- When gifts or inheritances are treated as taxable income
- Cross-border ownership treatment
- Mexico residence and sourcing rules
- Ownership of Mexico real estate by non-Mexico citizens
- Restricted areas
- Fideicomisos: Mexican bank real estate trusts
- Restrictions
- Coordinating a Mexican will with U.S. will and trust documents
- Filing and reporting requirements; deadlines
Benefits
The panel will review these and other relevant topics:
- What considerations impact U.S. taxpayers wishing to hold real estate or shares in Mexico?
- Coordinating U.S. estate plan with Mexico wills and trusts
- Treatment of inheritance of Mexico-situs property
- Differences in U.S. and Mexico residency rules for purposes of sourcing taxable income
Faculty
Cynthia D. Brittain
Partner
Karlin & Peebles
Ms. Brittain serves as a trusted counsel to high-net-worth families in the United States and abroad to implement... | Read More
Ms. Brittain serves as a trusted counsel to high-net-worth families in the United States and abroad to implement tax-efficient strategies to manage family asset transitions. She has extensive experience formulating and implementing plans for business succession planning and developing exit strategies for selling or retaining family business interests. Notably, she often applies her knowledge of tax and trust planning expertise to aide families who may have either a purely domestic or global footprint. She advises on best practices for executing cross-border planning while maintaining regulatory compliance. She works closely with each family to obtain a complete understanding of their values and dynamics and to design plans that align with the family’s unique personal and business goals.
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Eugenio Grageda
Partner
Holland & Knight
Mr. Grageda is a tax attorney who focuses his practice on international aspects of taxation, covering both... | Read More
Mr. Grageda is a tax attorney who focuses his practice on international aspects of taxation, covering both corporate and private client tax matters. In the corporate field, he is focused on providing tax consultation services over any type of corporate transaction, investment structure or financial instrument, at a domestic and international level. In the private client space, Mr. Grageda provides estate and succession tax planning and tax compliance assistance to individuals and families with international connections.
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