Let's Stay Connected

Webinar Topic: Divorce, Finance and Tax in the Current Climate

Presenters: David Foster, Associate Director at Frank Hirth and Conrad Adam, Partner at Wedlake Bell

David Foster and Conrad Adam will be discussing the challenges currently facing the Family Law profession, the Courts and Advisers involved in Matrimonial work.

The webinar will cover the following:

• The judicial landscape - Are the family courts in meltdown and what can we expect when the lockdown is eased?
• Business valuations - Are these currently possible and what tax planning issues arise?
• Variations of maintenance - Is now the time to go back to court?  How would that affect the tax position?
• Agreements and orders - Can COVID-19 be grounds to set them aside and how do Financial and tax professionals adapt?

Webinar Topic: Discussing US & UK considerations when dealing with foreign trusts

Presenters: Iain Younger, Director at Frank Hirth, Sarajane Kempster, Director at RBC & Patrick Harney, Partner at Mishcon de Reya

 

The current situation we are all facing has brought structuring for the family wealth very much to the forefront of many clients thoughts.

We have bought together Sara Jane Kempster (RBC) and Patrick Harney (Mishcon de Reya) for a discussion with Iain Younger to cover the opportunities, pitfalls and practical considerations when reviewing existing trust structures or looking to consider wealth structuring for the first time.

This will focus on the tax implications for US and UK connected families but will also provide insight into non-tax matters relating to trust structures from a trustee and legal perspective.

Webinar Topic: US/UK Estate PLanning for the Next Generation

Presenters: Iain Younger, Director at Frank Hirth & Chris Moorcroft, Partner at Harbottle & Lewis LLP

 

Iain Younger and Chris Moorcroft will be discussing the challenges associated with passing wealth to the next generation.

The webinar will cover the following:

• How to pass on wealth in a way that minimises the risk of conflict;
• Estate planning vehicles, wills and the impact of estate/inheritance tax rules in the UK and US;
• The particular challenges associated with passing wealth to millennials and generation Z;
• The importance of having a clear vision, and the evolution of things like family constitutions.

Webinar Topic: Tax-effective charitable giving in the current environment

Presenters: Iain Younger, Director at Frank Hirth & John Canady, CEO at National Philanthropic Trust UK

An opportunity to hear from leading advisors on Philanthropy and the benefits of being tax-efficient, especially in the cross border US/UK context.

Iain Younger & John Canady will be discussing:

• Making a one-time gift that is tax effective in both the UK and US
• Using a donor-advised fund to manage your giving over time
• Trends and resources. In the current COVID-19 environment, how are people giving or getting involved?

Webinar Topic: Life Insurance and US/UK Tax Planning

Presenters: Michael Lewis, Director at Frank Hirth & Grayson Dufrene, Managing Director at Vie International Financial Services LTD

How insurance can form an integral part of an individual's US/UK tax planning arrangements. COVID-19 has focussed people's minds on mortality risks and there is no better time to ensure you have the necessary and appropriate cover.

Michael Lewis and Grayson Dufrene will be discussing:

• Term life insurance versus permanent life insurance
• Practical uses of life insurance - family planning, business planning and estate/inheritance tax planning
• Cash value policies versus non-cash value policies for UK residents
• Taxation of cash value policies for UK residents 
• Ownership of life insurance and the tax implications 
• Tax consequences for Americans taking out UK life insurance written in a UK trust?

Webinar Topic: US substantial presence test and COVID-19 travel restrictions

Presenters: Michael Lewis, Thomas Gaughan

 

The US Substantial Presence Test & COVID19. Has the current crisis messed up your US tax plans?

For non-US citizens and green card holders, US tax residence is determined by reference to the Substantial Presence test which in turn is tested by reference to days spent in the US.

The current travel restrictions (and/or potentially the need to self-isolate) may have caused people to spend more, (or possibly less time), in the US than anticipated and hence may have thrown carefully prepared tax strategy plans into disarray.

Hear from Michael Lewis and Thomas Gaughan about what this might mean from a US tax perspective,  whether there is likely to be any relief given by the IRS, whether there are any exceptions and what someone can do to mitigate any problem.

Markets and currencies have experienced huge movement but how should clients react? Does the present climate provide any opportunities?

Hear from Frank Hirth and London & Capital on the factors which should be considered when rebalancing a portfolio, plus the pitfalls which need to be avoided to ensure a bad situation is not made worse!

Let's Stay Connected - Webinar with Frank Hirth's Directors What impact will the fallout from COVID 19 have on your US tax position and any planning you may be considering?

• What are the practical issues you need to think about?
• What exactly are the changes in rules and how will they affect you?
• What might be the impact on any planning you have already undertaken?
• What might you want to proactively think about? 

In this webinar Robyn Limmer, Alex Jones, Rhea Lucia-Hennis and Iain Younger cover the practical impact of COVID19 on clients filing and paying their US taxes.

Hear from three leading experts on their views of what this means for you.