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. (Cindy) Brittain
Partner
Holland & Knight
Ms. Brittain is a private wealth services attorney in Holland & Knight's Century City and Newport... | Read More
Ms. Brittain is a private wealth services attorney in Holland & Knight's Century City and Newport Beach offices. She works closely with private clients in the U.S. and around the world, designing efficient strategies that maximize tax benefits for individuals and their companies while meeting personal wealth transfer and business succession needs. Ms. Brittain has decades of experience advising high-net-worth and ultra-high-net-worth individuals and families on domestic and international income and estate tax planning strategies and philanthropic endeavors. Her practice offers significant cross-border experience for families whose members are multinational and whose companies have a global footprint. Ms. Brittain helps clients navigate complex issues relevant to international and domestic wealth and asset transfers. She also assists with pre-immigration planning and international corporate tax matters, leveraging her extensive experience with the cross-border regulatory laws that affect planning and compliance. Ms. Brittain is frequently sought out by international private clients and their advisory teams in urgent, high-stakes situations to help mitigate legal and reputational risk.
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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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