Legal Services for UK Nationals Living in the US
Our expert International and Cross-Border team offers a wide range of legal services for UK nationals living in the US and/or own property there.
We can assist you with the following:
- Analysing your residence and domicile status and their impact on succession and inheritance tax
- Updating the succession of your UK assets including any dovetailing arrangements with your US Will or lifetime trust
- Advising on the interaction between the UK and USA legal systems and the differing tax treatment in each jurisdiction (liaising closely with your US advisers as necessary)
- Analysing any potential exposure to the UK capital taxation regime and the applicability of the US/UK double taxation convention to your circumstances
- Planning for any UK inheritance tax liability
- Assisting with applications for Federal Transfer Certificates to access assets located in the US following a death
Watch: US/UK Estate Planning with Stone King
Effective international estate planning for assets in the US and the UK requires a comprehensive approach due to differing tax systems and legal frameworks. Considerations include UK Inheritance Tax, US Estate Duty, double taxation concerns, and trust tax treatment.