Transatlantic thinking | An estate planning service for those with US/UK interests
We provide straightforward but thought-through estate plans with clear, up front pricing, for those with US and UK connections. We work regularly with couples in both the US and UK, and have seen virtually every tax and financial situation that can affect couples who have tax obligations in both countries. Getting this right is critical to safeguard your family’s financial position and to protect your wealth for future generations.
What we offer
- An experienced team of US and UK qualified lawyers working together from one location
- A consultation to understand your family’s particular objectives. We’ll ask you to complete a questionnaire so that we have relevant information about you, your family and the location and ownership of your assets.
- A flexible solution. The laws affecting the taxation of gifts and tax thresholds change all the time, but few people have the appetite to contemplate their own mortality on a regular basis, less so the desire to pay fees to do so.
- Bespoke estate planning documentation (no two estate plans are ever identical) that will ensure the smooth and tax efficient administration of your estate in the US and the UK for one fee
- Clear and transparent pricing, together with a comprehensive menu of estate planning options from which to pick and choose. Options are priced up front and clear guidance is given as to what is and what is not included
- A clear timeline so you can be confident in the service and delivery you will receive
The UK couple with US property
The Brit married to an American who is short term resident in the UK
The Brit married to an American who is long term resident in the UK
The US couple who are both long term residents in the UK
The US couple who are short term residents in the UK but looking to return to the US in the long term
The US citizen living in the UK whose parents have passed away leaving assets held in a US estate plan
The Brit who has lived and worked in the US and who has investment assets in the US including Individual Retirement Accounts and/or ‘401K’ accounts
A case study
Whilst most people understand the importance of having a will and estate plan to safeguard their family’s future, making a will can remain all too often on the ‘to do list’. This is even more likely when taking into consideration cross border complications where a member of the family is a US person.
The following case study is intended as an example to illustrate the complex issues that can arise in this area. What one might, at first sight, assume to be a straightforward situation, is in fact anything but.